Transasia, a consortium Petronas (35%), ConocoPhillips (35%), Singapore Petroleum Company (15%) and Talisman (15%), has as expected been awarded a 40% stake -- the maximum that was offered by PGN.
The purchase price includes $57.6 million of new equity to assist financing of the South Sumatra to Singapore gas export pipeline project.
Trangasindo's main assets are the existing Grissik to Duri line and the planned export trunkline from Grissik via Batam to Singapore.
PGN
