Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

PGN-Pertagas Integration to be Completed in December 2018

Translator

Editor

11 November 2018 10:16 WIB

The logo of state-owned gas distributor PT Perusahaan Gas Negara Tbk (PGN).

TEMPO.CO, JakartaThe integration process of state-owned companies PT Perusahaan Gas Negara (PGN) and PT Pertamina Gas (Pertagas) is targeted to be completed by mid-December 2018.

PGN Finance Director Said Riza Pahlevi told Antara in Batam on Saturday that the integration process was as a follow-up to the establishment of Oil and Gas State-owned Enterprises (SOE) Holding under state-owned oil and gas firm PT Pertamina.

Actually, the integration process of the two companies engaged in the management and distribution of natural gas had undergone a delay.

"There have been changes to the scenario after we signed the Conditional Sales Purchase Agreement (CSPA) with Pertagas on June 28, 2018," he said.

He explained, after signing the CSPA, PGN had 90 days before its closing that would fall on September 29, 2018.

But in the process, there were four subsidiaries of PT Pertagas which forced the change in the integration process. Yet Pahlevi ensured that PGN would continue to acquire PT Pertagas and its subsidiaries in accordance with the provisions set out in the government white paper.

He explained that currently PGN is still finalizing the auditing and re-evaluating process, including the acquisition of four subsidiaries of PT Pertagas, which according to the schedule will end on December 21, 2018.

The four PT Pertagas subsidiaries which are still in the administrative and the re-valuation stage are PT Perta Arun Gas, PT Perta Daya Gas, PT Perta-Samtan GAS and PT Pertagas Kalimantan Gas.

PT PGN`s Managing Director Gigih Prakoso explained, the initial plan for Pertagas acquisition concerned businesses related to natural gas management. However, there are four PT Pertagas subsidiaries that are not in line with the original plan based on PT PGN`s main business sector, namely in the natural gas management.

PT Perta Daya Gas is engaged in electricity while PT Perta-Samtan GAS manages LPG business. Prakoso stressed that PGN would be guided by the government`s white paper in implementing the integration plan.

"At the beginning of the CSPA, we only focused on the Pertagas section which was in line with the main business with PGN. So, some of the business sector that are not related to natural gas are cut out. But we remain consistent with the white paper of the government. We agree that November or December will be completed. Four Pertagas subsidiaries were included in the investment," said Prakoso.

Establishment of state-owned oil and gas holding begins with government approval through the issuance of Government Regulation No. 6 of 2018 concerning the Addition of State Capital Participation of the Republic of Indonesia into PT Pertamina which was signed on February 28, 2018.

ANTARA




BPS Reports January Exports for Coal 'Sluggish' at US$2.41 billion

41 hari lalu

BPS Reports January Exports for Coal 'Sluggish' at US$2.41 billion

BPS reported that the January exports for coal were sluggish in Indonesia.


January Export Drops 8.34% at US$20.52 billion, BPS Reports

42 hari lalu

January Export Drops 8.34% at US$20.52 billion, BPS Reports

BPS recorded the January export value of Indonesia at US$20.52 billion, an 8.34 percent decline compared to December.


Jokowi Asks Tanzanian President to Open Negotiations on LNG, Fertilizer Investment

25 Januari 2024

Jokowi Asks Tanzanian President to Open Negotiations on LNG, Fertilizer Investment

Indonesian President Jokowi highlights investment cooperation in the oil and gas sector during a meeting with Tanzanian President Samia Suluhu today.


Import Value Shows Steady Decline in Latter Half of 2023, BPS Says

15 Januari 2024

Import Value Shows Steady Decline in Latter Half of 2023, BPS Says

BPS recorded that the value of imports in December 2023 reached US$19.11 billion, a 2.45 percent decline compared to the previous month.


BPH Migas Predicts Gasoline, Plane Fuel Distribution to Rise in Holiday Seasons

16 Desember 2023

BPH Migas Predicts Gasoline, Plane Fuel Distribution to Rise in Holiday Seasons

BPH Migas predicts that the distribution of gas oil and jet fuel will increase during the Christmas and New Year periods.


Indonesia, South Korea Explore Partnership on Carbon Capture Development

29 November 2023

Indonesia, South Korea Explore Partnership on Carbon Capture Development

Indonesia is exploring a partnership with South Korea to develop carbon capture and storage/carbon capture, utilization, and storage technology.


Indonesia's Trade Surplus Surpasses US$3.42 billion

17 Oktober 2023

Indonesia's Trade Surplus Surpasses US$3.42 billion

According to Statistics Indonesia, the balance of trade surplus in Indonesia continues to September 2023, surpassing US$3.42 billion.


Pertamina Expands to Africa's Upstream-Downstream Oil & Gas Industry

29 September 2023

Pertamina Expands to Africa's Upstream-Downstream Oil & Gas Industry

PT Pertamina inked an agreement yesterday in Jakarta with Guma Africa Group Limited.


Pertamina Subholding Increases Production, Improves Business Development

29 Juli 2023

Pertamina Subholding Increases Production, Improves Business Development

Pertamina upstream sub-holding, PT Pertamina Hulu Energi (PHE), continues to improve the unlock value activities.


SKK Migas Sets 2023 Investment Target at US$15.5bn

21 Juli 2023

SKK Migas Sets 2023 Investment Target at US$15.5bn

The Upstream Oil and Gas Activities Special Task Force (SKK Migas) is targeting to achieve US$15.5 billion in actualized investments by 2023's end.