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Indonesia's Pertamina to transfer LNG trade business

Indonesian state energy company PT Pertamina aims to transfer its foreign gas trade business to PT Perusahaan Gas Negara “as soon as possible”, Pertamina director Basuki Trikora Putra said.

The role of PGN, which became Pertamina’s gas subholding unit last year, so far has been focused on the gas utility business.

PGN earlier this month signed an agreement to sell liquefied natural gas (LNG) to China’s Sinopec next year.

 Putra said the trade business is currently in transition from Pertamina to PGN and the two companies are working together to manage international transactions.

Syahrial Mukhtar, a director at PGN, told reporters on Tuesday that the company will seek more LNG buyers in China, including more transactions with Sinopec. PGN hopes to secure a deal by the end of the year with a Chinese buyer, he said without sharing further details.

Pertamina and PGN are looking for buyers for LNG from Pertamina’s Bontang plant to replace contracts that will expire next year, Mukhtar said. (Reporting by Wilda Asmarini Writing by Fransiska Nangoy, Editing by Louise Heavens)


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GasPro 2.0: A Webcast Symposium

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Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.

The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.

Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.

October 24, 2019 08:30 AM CDT

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