Pertamina International Shipping Jumbo Investment Of 1.6 Billion US Dollars Until 2030, For What?

JAKARTA - PT Pertamina International Shipping (PIS) projects an investment of 1.5 billion to 1.6 billion US dollars for business development and company investment by 2030. This subsidiary of the Pertamina group will target the green cargo segment such as LPG, LNG and biodiesel.

Pertamina International Shipping CEO, Erry Widiastono, said that the investment needs are in line with national and global energy needs, which are starting to lead to environmental sustainability and energy transmission.

Erry said the investment needs will be met from internal equity or looking for other funding sources or new capital injection.

"PIS will anticipate future developments for the direction of the shipping business, on ships that are greener. For example, ships for transporting gas such as LPG, LNG, and others. Later we will also see further developments in the renewable energy sector," he said. quoted on the official website of the Ministry of SOEs, Friday, December 31.

Furthermore, Erry said that as Subholding Integrated Marine Logistics of PT Pertamina (Persero), PIS has the opportunity to become a bridge for energy transition.

"The presence of new and renewable energy is a necessity, but the need for hydrocarbon-based energy will continue to exist during this transition period," he said.

Erry said that the still large energy demand is reflected in the economic conditions, both nationally and globally, which are in a period of recovery and have the potential to grow.

"We hope that after this pandemic it will move to grow and when it grows, our analysis will also show growth in energy consumption and lead to national and regional energy needs," he said.

According to Erick, PIS does not only provide transportation services for energy commodities such as crude oil, fuel and gas, but also has a shipping business for non-energy commodities.

Furthermore, Erry said he was optimistic that along with the recovery of the world economy, global demand and logistics turnover would also increase. He said PIS' commitment to the environment was also realized through a green integrated marine logistics company roadmap.

"In the future, the business will also focus more on green cargo such as gas cargo. On the bunkering or fuel side, it also leads to greener fuels such as LNG and LPG. The terminal also focuses on green energy, storage as well. So we are indeed aiming for green energy, " he said.

Meanwhile, Expert Staff for Macroeconomics at the Ministry of Investment / Investment Coordinating Board (BKPM) Indra Darmawan said that the potential for business and maritime and logistics investment in Indonesia is very large. He said 2022 is the new normal year.

Indra said there is optimism that can guide the government to live a better year next year. This optimism is reflected in the national investment target which was increased from Rp900 trillion in 2021 to Rp1,200 trillion in 2022.

According to him, nationally, there will be an increase in economic growth from 4 percent to 5 percent in 2022. "Indonesia will benefit from high commodity prices in the world energy market and this will have an impact on the shipping industry," he said.