PT Perusahaan Gas Negara Tbk : Focus on Infrastructure and Energy Transition, PGN Prepares US$338 Million Capex for 2025

About this update from Pt Perusahaan Gas Negara (persero) Tbk Class B

Jakarta - PT Perusahaan Gas Negara Tbk (PGN) has allocated a capital expenditure (capex) of US$338 million for 2025, with a primary focus on developing natural gas infrastructure and supporting the national energy transition. This initiative aligns with PGN's commitment to sustainability and strengthening national energy security. "Through optimal operational management and prudent financial strategies, we believe that PGN can continue to be a key driver of Indonesia's energy transition," said PGN President Director, Arief Setiawan Handoko, during the Analyst Briefing on Thursday (23/1/2025). Approximately 67% of the capex will be allocated to expanding the natural gas network, including 200,000 new connections in Sumatra and Java, which could potentially save the government hundreds of billions of rupiah in LPG subsidies. "In addition to reducing LPG imports, city gas networks provide a more efficient, clean, and sustainable energy solution for the community," Arief explained. PGN Finance Director, Fadjar Harianto Widodo, added that PGN aims to achieve a 12% growth in gas distribution volume compared to the previous year, driven by demand from major industrial zones in Java and Sumatra. Meanwhile, the development of strategic gas pipelines, including the Tegal-Cilacap gas pipeline and the Cikampek-Plumpang oil pipeline, is set to support fuel distribution from the Cikampek Fuel Terminal to Plumpang. Additionally, PGN continues to engage in international LNG trading under existing contracts to strengthen its presence in the global market. "We are facing challenges in gas supply, but we remain optimistic that we can manage them optimally through innovation and collaboration with all stakeholders," Fadjar stated. To support sustainability, PGN aims to reduce emissions by 4,372 tons of CO2 equivalent in 2025 through operational efficiency and environmentally friendly technologies, including biomethane development and the diversification of gas derivative products. Meanwhile, 33% of the capex is allocated to upstream oil and gas development. PGN will continue exploration in the Pangkah, Ketapang, and Fasken working areas, as well as submit an extension proposal for the Muara Bakau working area contract. "With strong innovation and collaboration, we are optimistic about overcoming industry challenges and global market dynamics to ensure PGN's contribution to a greener future for Indonesia's energy sector," Arief concluded. Kembali ke Halaman Sebelumnya

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