PGAS Records 5 Percent Growth In Commercial Gas Volume

Illustration (Photo: Doc. Antara)

JAKARTA - PT Perusahaan Gas Negara Tbk (PGAS) recorded a growth in the volume of commercial gas by 5 percent until the third quarter of 2023 to 935 billion British thermal units per day (BBTUD) with more than 839,000 customers.

PGN President Director Arief Setiawan Handoko detailed that the largest volume came from power plants, chemical industries, ceramics, food and fertilizers.

"One of the reasons for the increase in trading volume is because the average gas price sold by PGN is very competitive when compared to other fuels such as HSD which is equivalent to 41.18 US dollars per MMBTU, LPG 12 kg equivalent to 26.20 US dollars per MMBTU or MFO equivalent to 33.74 US dollars per MMBTU," explained Arief in a Public Expose, Wednesday, November 29.

Furthermore, he added, natural gas flow in the transmission business of 1,444 MMSCFD managed to grow by 8 percent.

According to him, this is due to the flow of gas in the Gresik-Semarang Transmission Pipeline.

Arief said the company's strategy in targeting new customers is to increase the volume of commercial gas.

Towards the end of 2023, he continued, the strategic policy adopted is to consistently add new customer portfolios to achieve the target volume of natural gas management.

PGN runs Customer Acquisition to achieve additional natural gas volume management through adding new customers, providing Beyond Pipeline (LNG & CNG retail) gas infrastructure and expanding household gas to support subsidy reduction policies. Meanwhile, business diversification is developed by subsidiaries through the development of LNG Arun, biomethane projects, and the optimization of WK Pangkah," he said.