PGN is Ready to Prove Gas Management Conducted Transparent

By : Hariyanto And Aldo Bella Putra | Thursday, November 16 2017 - 20:00 IWST - Jakarta - PT PGN Tbk is ready to prove that its gas business management has been done transparently and accountably following the decision of the Panel of Judges of the Business Competition Supervisory Commission (KPPU) in the gas price monopoly case in Medan, North Sumatra.

"So far, the implementation of PGN business, especially in pricing has been referring to existing legislation," said PGN Corporate Secretary Rachmat Hutama in his statement in Jakarta, Wednesday (15/11/2017)

He mentioned the high gas price in the period of August-November 2015, due to additional gas coming from LNG (liquefied natural gas) plus the cost incurred in each business chain including "trader" without facility, besides gas supply from PT Pertamina EP.

On Tuesday (14/11), the Panel of Judges of KPPU decided PGN management was guilty of determining the selling price of natural gas in Medan.

In its decision, PGN is declared to have set the excessive price by not considering the purchasing power of domestic consumers when determining the gas price increase in the period of August-November 2015.

In addition, in a number of gases sale and purchase agreements (PJBG) signed between PGN and consumers there is an adverse raw clause.

Responding to this, Hutama said PGN management will take further steps to study the copy of the verdict.

According to the man who is often called Temmy, it is also the focus of PGN management on the verdict of the trial that in the aspect of governance has not been seen holistically, especially the downstream gas business scheme.

For PGN, BUMN with open status, he added, is ready transparently to prove the accountability of gas management in its business activities, especially PGN which has been carrying out pioneer function in downstream gas sector for more than 52 years.

"We believe that the pricing we are running is appropriate and meets the applicable legal aspects," explains Temmy. (Ant)

News Comment

Today's Industry

 AICPA and CIMA (the Association)

Jumat, 07 Oktober 2022 - 16:55 WIB

AICPA & CIMA executives urge Indonesian accounting and finance professionals to seize the opportunity presented by the environmental societal and governance agenda

The leaders of the world’s largest body of accountants and finance professionals, AICPA & CIMA, urged the accounting and finance community in Indonesia to take the lead in guiding businesses…

Asahi Kasei Europe GmbH

Kamis, 06 Oktober 2022 - 21:26 WIB

Mercury-free UVC disinfection – Asahi Kasei demonstrates how Crystal IS UVC LED technology can be applied to achieve higher disinfection efficiency in water treat- ment than conventional mercury lamp

Asahi Kasei, a diversified Japanese multinational company, and subsidiary Crystal IS have concluded in a bacterial perfor- mance test, an experimental Klaran™ WR water treatment reactor demonstrated…

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 06 Oktober 2022 - 20:00 WIB

HOKI Targets to Open 80 WarungKoki Outlets by the End of this Year

PT Buyung Poetra Sembada Tbk (“HOKI”), an issuer of quality rice producers under the “Topi Koki” and “HOKI” brands, targets the growth of WarungKoki outlets by 80 outlets by the…

(Photo: © 2022 KRAIBURG TPE)

Kamis, 06 Oktober 2022 - 18:12 WIB

TPEs shine in lipstick packaging

KRAIBURG TPE, a global TPE manufacturer of thermoplastic elastomer products and custom-engineered materials solutions, offer the THERMOLAST® K FC/LF and FC/AD/PP series of compounds for lipstick…

Deputy Minister of Culture, Sports and Tourism, Mr. Doan Van Viet

Kamis, 06 Oktober 2022 - 17:30 WIB

Deputy Minister Outlines Viet Nam’s Tourism Priorities

Ahead of the Mekong Tourism Forum in Quang Nam, Central Viet Nam, 12-13 October, Mr Doan Van Viet, Viet Nam’s Deputy Minister of Culture, Sports and Tourism, outlines the vision and latest…