State-run gas company PT Perusahaan Gas Negara (PGN) Tbk has the capability to support the energy transition process through ensuring gas supply availability and mature infrastructure, its president director has affirmed.
This is in line with the government's policy to increase the use of clean energy to meet the zero-emission target by 2060, Muhamad Haryo Yunianto said in a statement received here on Thursday.
In the near term, the company will continue to improve its infrastructure and increase natural gas supply sources, he informed.
With up to 23 percent use of renewable energy targeted by 2025 under the energy mix policy, there is potential for an increase in natural gas demand, he noted.
"As part of the business development plan, PGN has integrated its infrastructure in the northern and central part of Sumatra, West Java, Central Java, and East Java to improve the reliability and flexibility of gas distribution to all market segmentation. This integrated infrastructure development will become our priority," Yunianto said in a public expose sheet published on Wednesday (November 17, 2021).
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PGN's projects that are currently in progress include the construction of the Senipah-Balikpapan pipeline to support the Refinery Development Master Plan project of the Balikpapan refinery using natural gas resources in East Kalimantan, he informed.
Another project is optimization of the Gresik-Semarang pipeline with beyond-the-pipe infrastructure, he said.
PGN is also undertaking LNG and mini LNG regasification to meet demand in central and eastern Indonesia, especially for state-run electricity firm's power generators, Yunianto said.
Director of sales and operation, Faris Aziz, said PGN's natural gas sales have continued to increase to reach 873 BBTUD (Billion British Thermal Unit per Day) as of September 2021, reflecting a growth of 8 percent compared to the same period of 2020.
The company is projected to channel 30 BBTUD of gas to the Balongan refinery in Indramayu, he added.
Cooperation with several refineries in the country is projected to absorb up to 350 BBTUD within the next 2-3 years, he said.
As of September 2021, PGN has booked revenue of US$2.25 billion (Rp32.04 trillion) and a net profit of US$286 million, or Rp4.07 trillion, he informed.
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Editor : Mahdani
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