Sign Memorandum Of Understanding With PT Likuid Nusantara Gas, PTGN: Bali's LNG Market In The Future Will Be Wider

PT Pertagas Niaga (PTGN) and PT Likuid Nusantara Gas signed a memorandum of understanding with the same office to seek the availability of Liquified Natural Gas (LNG). (Doc. PGN)

JAKARTA - PT Pertagas Niaga (PTGN) and PT Likuid Nusantara Gas signed a memorandum of understanding with the same office to seek the availability of Liquid Natural Gas (LNG) for consumer needs in Java, Bali, and its surroundings.

PTGN's President Director, Aminuddin said that this collaboration not only answers LNG's needs for consumers in Java, Bali, and its surroundings but also has the potential to expand the market.

"Through this collaboration, PTGN is not only trying to maintain the reliability of services for LNG existing consumers in Java and Bali. In the future, the LNG market in Java and Bali has the potential to be wider considering that there is already an LNG plant on the island of Java," Aminuddin told the media, Saturday, February 17.

According to Aminuddin, this collaboration allows for development to various other forms of cooperation that will support business and provide added value for both parties.

Aminuddin also added that in 2024 and in the future PTGN will be more aggressive in expanding the natural gas, LNG and CNG markets in Java and Bali so that PTGN can continue to contribute during the energy transition to Indonesia's Net Zero Emission (NZE) in 2060.

"The market is still quite wide, the environmental awareness of industry players is also getting better, while LNG has advantages including lower-generated carbon emissions of up to 85 percent, producing higher heat, cleaner, can be stored under low pressure and has longer distances so that it has the potential to be an alternative energy to drive the industry during this energy transition," Aminuddin concluded.

PTGN has been in the LNG business since 2017 with a total distribution volume of 9,674,200 British Thermal Unit (BTU) and serves various consumers including the fertilizer industry, hotel restaurants and cafes, the fabrication industry, waste treatment, mining products processing, hospitals, as well as the supply of LNG as fuel for Dual Diesel Fuel (DDF) engine for oil and gas companies. PTGN also manages more than 23 LNG portfolios spread across Java, Bali, Sulawesi, Sumatra and Kalimantan.