High Demand, Pertamina International Shipping Affirms Ready To Enter LNG Market

Director of Gas, Petrochemical & New Business PIS Arief Sukmara. (Doc. PIS)

JAKARTA - Along with the growing demand for liquefied natural gas (LNG), PT Pertamina International Shipping (PIS) ensures its readiness to accommodate the growth of the environmentally friendly energy commodity market.

It is estimated that there will be an additional need of 193 gas carriers to meet LNG demand growth of 5 percent every year until 2033. This means that it will grow from 412 million tons per year (mtpa) in 2023 to 666 mtpa in 2033. In other words, the industry will need 27 to 28 new LNG carriers every year for the next 10 years," explained the Director of Gas, Petrochemical & New Business PIS Arief Sukmara, quoted on Saturday, July 27.

Arief said, LNG has proven to be an alternative energy source with lower emissions than other energy sources. Moreover, this commodity also has an important role in supporting the energy transition.

He emphasized that PIS is preparing to enter the LNG market by owning an LNG carrier. Arief said that PIS's capacity and portfolio as a logistics maritime company in the international market are the strong capital of PIS to contribute to this environmentally friendly energy supply effort.

"As a company committed to being one of the leadings in the world and an estimated revenue of up to $6 billion by 2030, we want to contribute to the supply of LNG clean energy in Asia Pacific," added Arief.

In fulfilling its commitment to maintaining national energy security, PIS continues to build other fleets and infrastructure needed.

Currently, PIS continues to add a fleet of ships that support environmentally friendly energy logistics. PIS now has 7 units of Very Large Gas Carrier (VLGC) which have dual-fuel technology so that it is more environmentally friendly. Overall, the PIS fleet has been operating on more than 60 international routes.