BPH Migas: Determination of Rates Transportation of Natural Gas Need Customized With Progress

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fahmi1JAKARTA. Not long ago Regulatory Agency for Upstream Oil and Gas (BPH Migas) socialize BPH Migas Regulation No. 8 of 2013 concerning the establishment of the transport tariffs of natural gas through the pipeline, which is a revision of BPH Migas Regulation No. 16 of 2008.

According to BPH Migas Committee Saryono Hadiwidjoyo, as a resource person in the socialization of the Regulation revealed changes in the transport of natural gas tariffs does not mean that the previous regulation was nothing wrong, but can not accommodate facilities already depreciated.

“Determination of this rate change does not mean yesterday (previously Regulation) was nothing wrong, no. We have already begun to be developed tariffs in order to better fit than the development of pipeline infrastructure since the last time the tariff regulation number 16 of 2008 has not been able to accommodate facilities that have been fully depreciated, “said Saryono.

To promote the development of new infrastructure on the business activities of transporting natural gas through pipelines and to encourage the development, continued Saryono could also provide incentives for investment in gas pipeline is attractive. “So that the tariffs need to be adapted to developments,” he concluded.

On the same occasion, the Committee BPH Migas, Fahmi Harsandono explain BPH Migas revise this regulation because there were few complaints of business entities during a hearing the judge less interesting investment in the natural gas transporter.

Previously, some of the pipes are still built with the upstream mechanism. The minister said it was done with a very constrained because it is the lack of interest of investors to invest in the transport of natural gas.

Therefore, the Committee makes a policy. Firstly that for the Weighted Average Cost of Capital (WACC) The first is the same as the Internal Rate of Return (IRR). This Diperaturan (BPH Migas Regulation No. 8 of 2013) were given an incentive of 1 to 3%.

“Secondly, normally the cost of service divided by the volume, see his fee-rate tool. Here we have one correction that it was not the volume but the volume per contract of the Ship or pay from the volume of the gas. So we expect the denominator less. So his fee-rate tool will be even greater, “said Fahmi.