PGAS - PT. Perusahaan Gas Negara Tbk

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JAKARTA. PT Perusahaan Gas Negara Tbk (PGAS), or PGN, and BOTAS, an energy provider from Turkey, just signed a Memorandum of Understanding (MoU) for the development of the gas and LNG market, as well as its infrastructure, within both countries yesterday (13/11).

During the MoU signing event that took place in the middle of B20 Summit in Nusa Dua, Bali, M. Haryo Yunianto, President Director of PGN, claimed that this collaboration will not be limited to natural gas and LNG supply, but will also include the cooperation in hydrogen supply, LNG infrastructure, LNG trading, underground natural gas storage facility, human resources development, and other potential businesses. He believes that this cooperation will strengthen the bilateral relation between Indonesia and Turkey, especially in the diversification of energy distribution.

"Indonesia and Turkey may become an essential market for the continuity of bilateral energy trading, specifically in the natural gas sector," Yunianto further mentioned, as quoted from the press release yesterday (13/11).

According to Yunianto, PGN and BOTAS will collaborate in developing infrastructures, such as FSRU and LNG terminal. "We deeply wish that this partnership with BOTAS can be maintained until it arrives at the commercial execution phase. PGN will certainly gain some benefits [from this] that will allow us to expand the business to the international market," Yunianto further mentioned. (AM/ZH)