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Transasia Pipeline Company acquires stake in PT Transportasi Gas Indonesia

November 2002

Jones Day counseled Transasia Pipeline Company Pvt. Ltd. (a joint venture between ConocoPhillips, PETRONAS, Singapore Petroleum, and Talisman) on the $187.6 million acquisition of a 40% equity stake in PT Transgasindo from Indonesian state-owned gas company PT Perusahaan Gas Negara (PGN), the project development and financing of a new 500-kilometer pipeline from South Sumatra to Singapore, and the provision of pipeline-operating services. This is the first participation by the private sector in the Indonesian natural gas transportation sector following its deregulation in 2001.

For additional information about this matter, please contact: David P. Longstaff

Client(s): Transasia Pipeline Company Pvt. Ltd.