EWC 4.35% 2.2¢ energy world corporation ltd

It seems to me that this has progressed, "Indonesia With regard...

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  1. 6,872 Posts.
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    It seems to me that this has progressed,

    "Indonesia
    With regard to the Sengkang LNG Facility, EWC has held extensive discussion with
    DGMigas/SKKMigas and PLN and have identified a commercial solution potentially acceptable to
    all parties on the price of the feedstock gas and the FOB price of the LNG. This data is now being
    processed for approval through the appropriate channels in Indonesia. Once approved it will enable
    PT SSLNG to finalise matters with the Indonesian Banks for funding to bring the first phase of the
    project into commercial operation.".

    As from my memory, DGMigas/SKKMigas and PLN were the sticking point and weren't the Indonesian Government putting pressure on these local departments to get it done?

    If I'm correct than this project might actually be close to being online and providing revenue?

    Anyone else reading it that way?
 
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