ID :
156064
Thu, 01/06/2011 - 08:18
Auther :
Shortlink :
https://www.oananews.org//node/156064
The shortlink copeid
Indonesian antimonopoly body fines Mitsubishi Corp. $1.7 mil.+
JAKARTA, Jan. 5 Kyodo - Indonesia's antimonopoly agency on Wednesday ordered Mitsubishi Corp. to pay a 15 billion rupiah ($1.7 million) fine for allegedly conducting unhealthy business competition and obtaining confidential data of its business competitor
regarding an LNG project on the island of Sulawesi.
The Jakarta-based Commission for the Supervision of Business Competition said
Mitsubishi had been involved in a ''conspiracy'' with three other companies,
which are joined in an LNG consortium, to win a contract to build a storage
facility for the gas in Central Sulawesi Province.
In addition to Mitsubishi, the so-called Donggi-Senoro LNG consortium consists
of the state oil and gas company PT Pertamina and private energy company PT
Medco Energi Internasional Tbk., via its subsidiary PT Medco E&P Tomori
Sulawsi.
During a hearing, a panel of the commission ruled that there had been ''a
conspiracy by Mitsubishi Corp., PT Pertamina and PT Medco Energi Internasional
Tbk. to arrange and or determine Mitsubishi Corp. as the winner of the beauty
contest, an act that has caused unhealthy business competition.''
The commission's panel also found there was ''a conspiracy by Mitsubishi Corp.,
PT Medco Energi Internasional Tbk and PT Medco E&P Tomori Sulawesi to get
information of the business activities of its competitor PT LNG Energi Utama
that was classified as the company's secret to make a beauty contest
proposal.''
According to the commission, the four companies violated the 1999 Law on
Monopoly Practices Banning and Unhealthy Business Competition.
It also fined the three other companies between 1 billion to 10 billion rupiah.
The dispute, which has stalled the $1.8-billion Donggi Senoro LNG plant,
emerged in August 2008 when PT LNG Energi utama sued Mitsubishi for more than
$709 million in damages for allegedly stealing confidential data on production
costs and service fees in efforts to win the contract.
The dispute has forced the government to hold up the sale of natural gas
extracted from the Matindok and Senoro fields to Chubu Electric Power and
Kansai Electric Power until it was resolved.
The Donggi-Senoro plant was initially expected to start production last year
and to begin shipping LNG by early 2014.
The government, however, wanted preconditions, including the resolution of the
legal dispute and revision of the plant development plan among others,
fulfilled.
Mitsubishi holds a 51 percent controlling stake in the Donggi Senoro LNG plant.
==Kyodo
regarding an LNG project on the island of Sulawesi.
The Jakarta-based Commission for the Supervision of Business Competition said
Mitsubishi had been involved in a ''conspiracy'' with three other companies,
which are joined in an LNG consortium, to win a contract to build a storage
facility for the gas in Central Sulawesi Province.
In addition to Mitsubishi, the so-called Donggi-Senoro LNG consortium consists
of the state oil and gas company PT Pertamina and private energy company PT
Medco Energi Internasional Tbk., via its subsidiary PT Medco E&P Tomori
Sulawsi.
During a hearing, a panel of the commission ruled that there had been ''a
conspiracy by Mitsubishi Corp., PT Pertamina and PT Medco Energi Internasional
Tbk. to arrange and or determine Mitsubishi Corp. as the winner of the beauty
contest, an act that has caused unhealthy business competition.''
The commission's panel also found there was ''a conspiracy by Mitsubishi Corp.,
PT Medco Energi Internasional Tbk and PT Medco E&P Tomori Sulawesi to get
information of the business activities of its competitor PT LNG Energi Utama
that was classified as the company's secret to make a beauty contest
proposal.''
According to the commission, the four companies violated the 1999 Law on
Monopoly Practices Banning and Unhealthy Business Competition.
It also fined the three other companies between 1 billion to 10 billion rupiah.
The dispute, which has stalled the $1.8-billion Donggi Senoro LNG plant,
emerged in August 2008 when PT LNG Energi utama sued Mitsubishi for more than
$709 million in damages for allegedly stealing confidential data on production
costs and service fees in efforts to win the contract.
The dispute has forced the government to hold up the sale of natural gas
extracted from the Matindok and Senoro fields to Chubu Electric Power and
Kansai Electric Power until it was resolved.
The Donggi-Senoro plant was initially expected to start production last year
and to begin shipping LNG by early 2014.
The government, however, wanted preconditions, including the resolution of the
legal dispute and revision of the plant development plan among others,
fulfilled.
Mitsubishi holds a 51 percent controlling stake in the Donggi Senoro LNG plant.
==Kyodo
