Govt. Amends Determinations of the Natural-Gas Transportation Tariff

  • The Downstream Oil-and-Gas Regulatory Agency ("BPH Migas") has issued Regulation No. 16 of 2021 ("Amendment") on the Amendment to Regulation of BPH Migas No. 34 of 2019 on Calculation Procedures and the Determination of Natural-Gas Pipeline Transportation Tariffs ("Regulation").
  • In essence, the Amendment establishes that for contracts signed after 1 July 2015, the tariff should be paid in the rupiah currency in accordance with the relevant laws and regulations. Previously, the Regulation specified that said tariff had to be paid in the rupiah currency with reference to the Jakarta Interbank Spot Dollar Rate at the time of payment. 
  • The Amendment has been in force since 4 June 2021.
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  • The Downstream Oil-and-Gas Regulatory Agency ("BPH Migas") has issued Regulation No. 16 of 2021 ("Amendment") on the Amendment to Regulation of BPH Migas No. 34 of 2019 on Calculation Procedures and the Determination of Natural-Gas Pipeline Transportation Tariffs ("Regulation").
  • In essence, the Amendment establishes that for contracts signed after 1 July 2015, the tariff should be paid in the rupiah currency in accordance with the relevant laws and regulations. Previously, the Regulation specified that said tariff had to be paid in the rupiah currency with reference to the Jakarta Interbank Spot Dollar Rate at the time of payment. 
  • The Amendment has been in force since 4 June 2021.
......

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Hukumonline Pro Intelligence

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*Syarat dan ketentuan berlaku
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