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Aug. 5, 2003 -- Singaporean Prime Minister Goh Chok Tong and Indonesian President Megawati Sukarnoputri will meet in Batam Monday to mark the completion of a new gas pipeline linking the two nations.
The pipeline, which will begin operating Aug. 11, promises to create 700 new jobs for Indonesians and $9 billion in revenue over the next 20 years, a statement from Goh's office said.
The 477 km (298 mile) pipeline took 2 1/2 years to complete and is a joint project between Singapore's PowerGas and Indonesia's PT Perusahaan Gas Negara, it said.
Singapore will receive 350 million standard cubic feet of natural gas a day from South Sumatra via the pipeline, the statement said. A tiny wealthy Southeast Asian city-state, Singapore has few natural resources and depends heavily on its neighbors for its water and energy supplies.
Gas is already piped into Singapore from Indonesia's West Natuna gas fields through a 640 km pipeline launched two years ago. Both gas projects "underscore the close and mutually beneficial cooperation" between the two countries, the statement said.
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