PERTAMINA: PGN SIGNS LNG SUPPLY MOU WITH KMJ

PT PGN Tbk, the Gas Subholding of Pertamina, has signed a Memorandum of Understanding commitment for the supply of Liquefied Natural Gas from domestic sources. This commitment is obtained from PT Karya Mineral Jaya, with its production source coming from the Bunyu LNG Project located in the Nunukan Working Area (WK Nunukan).

In the coming years, PGN anticipates an increase in LNG volume in its gas supply portfolio. It follows the dynamics of natural gas pipeline supply volume, which is experiencing a natural decline from several producers.

PGN and KMJ have also agreed to explore other potential collaborations in participating in the LNG infrastructure project development. This is considering not only the need but also the extensive experience of PGN in the natural gas industry, which will have a positive impact on such projects’ implementation.

The domestic LNG supply is planned to be delivered to the gas Subholding sales regions that already have LNG receiving infrastructure in various locations, such as the LNG Arun Terminal, Floating Storage Regasification Unit (FSRU) in West Java, and Lampung.

PGN, as the Gas Subholding, is committed to maintaining a reliable gas supply to customers through both natural gas and LNG supplies. Consistency is also maintained in developing gas infrastructure, including LNG, to support PGN's future business.