Pertamina Group subsidiaries PT Perusahaan Gas Negara (PGN) and PT Pertamina International Shipping (PIS) on Friday (25 June) entered into an internal collaboration agreement to oversee the development of liquefied natural gas (LNG) bunkering facilities and purchase of a LNG carrier.
The agreement will oversee the provision of LNG and bunkering facilities by PGN for five PIS-owned newbuild support vessels which will be converted to use LNG as a bunker fuel.
In turn, PIS will provide an LNG carrier to support the needs of PGN’s LNG trading activities and LNG facilities.
“Synergy is needed because, in the future, PGN will play an important role in the energy transition in Indonesia, especially in green energy, which requires significant resources and cannot be done alone,” said President Director of Pertamina (Persero), Nicke Widyawati.
“In support of PIS, PGN will supply LNG and LNG bunkering facilities in operating eco-green vessels is in line with the implementation of the global IMO 2020 standard.”
The agreement develops a virtual pipeline scheme between Central and Eastern Indonesia for the transport of LNG, she adds.
“The virtual pipeline, which will be synergized with PIS’ LNG vessel, is the same as the transmission gas pipeline, which will generate a captive market so that PGN can develop its gas distribution business in all islands in Indonesia,” states Widyawati.
At the signing of the agreement, PGN’s President Director, M. Haryo Yunianto, explained the availability of an LNG carrier would support PGN’s LNG trading activities in the domestic and Asian regions.
“In addition to energy reliability and economic benefits, massive LNG trading is also an effort towards a cleaner and environmentally friendly energy transition,” he said.
The President Director of PIS, Erry Widiastono, added that as part of the Pertamina Group, PIS is monitoring PGN’s future projects such as Kepmen-13, Teluk Lamong, FSRU in several locations, as well as PGN Trading. According to him, there is a need for transportation, storage, and regasification in the sea and rivers.
“And these needs can be met by PIS, which has business processes as Sub Holding Shipping and Integrated Marine Logistics Company,” he said.
Currently, PIS manages and operates more than 750 vessels consisting of owned and chartered vessels.
Photo credit and description:
President Director of Pertamina, Nicke Widyawati (bottom right column) witnessed and accompanied the Director of Perusahaan Gas Negara, Haryo Yunianto (left column) and President of Pertamina International Shipping, Director Erry Widiastono (top right column), in Signing the Principal Agreement (HOA) between PGN and PIS regarding Cooperation in the Provision of LNG Ships and the LNG Bunkering Business, on Friday (25/6) online. (Photo: Doc. Pertamina)
Published: 29 June, 2021
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