Methane producers want govt to ensure market, price

Business players are calling on the government to lend more support to coal bed methane (CBM) development in the country, specifically by smoothing the land acquisition process as well as ensuring that the market will absorb their products.

Australia-listed Dart Energy Ltd.’s country manager, Unggul Setyatmoko, said business players needed to know the market potential before commencing CBM development.

“CBM is a capital-intensive process with low output at the beginning. That’s why we need to have market certainty. Production development can only be done if the market and price are suitable,” Unggul told an audience during a presentation on the last day of the IndoCBM 2014 event in Jakarta on Wednesday.

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Posted March 28, 2014 by repit in News

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