PGN to Allocate $500 Million for Investment in 2019

Indonesia State-owned gas subholding company PT Perusahaan Gas Negara (PGN) member of PT. PERTAMINA (Persero) is set to disburse US$500 million for investment this year to develop 700 kilometers of gas pipelines. PGN president director Gigih Prakoso also said three gas transmission projects – the Duri-Dumai, Gresik-Semarang and Grissik-Pusri pipelines – were ready to be operated.

"Currently, we have a total of 9,500 km of gas pipelines and this year we are likely to have an additional 700 km," he said on Thursday.

"We have allocated $500 million for investment this year and it is 10 percent higher than last year's realization."

Pertagas, which was previously owned by state energy holding company Pertamina, was integrated into PGN late last year to pave the way for PGN to become a state-owned subholding company. next-->