Ministry of SOE: Integration of PGN and Pertagas Not Up to 2.5 Billion Dollar

By : Dina Astria And Aldi Firhand | Tuesday, June 05 2018 - 21:11 IWST

PT Pertamina Gas (Pertagas)
PT Pertamina Gas (Pertagas)

INDUSTRY.co.id - Jakarta - PT Perusahaan Gas Negara Tbk (PGN) and PT Pertamina Gas (Pertagas) are reportedly going to integrate, as a follow up to the formation of Holding of State-Owned Enterprises (BUMN) of Oil and Gas.

This was conveyed directly by Deputy Minister of Mining Business, Strategic Industries, and Media Ministry of SOE, Fajar Harry Sampurno, the formation of oil and gas holding was actually completed with the entry of PGN to Pertamina.

"There is still some acquisition process that will be done again," said Fajar on Monday (4/6) yesterday at the Ministry of SOEs, Jakarta.

Meanwhile, the funds to be issued for the two companies' integration proaes, Fajar stated that they still do not know, because the more PGN has the right to know the amount of funding.

However, Fajar said the cost figures for the integration of the two companies are not more than USD 2.5 billion.

"There will be no extraordinary general meeting of shareholders (EGM), because the amount may not be that much, the transaction is not up to USD 2.5 billion," Fajar added.

The business integration of these two SOEs is to encourage national economy and energy security through the management of connected gas infrastructure from western Indonesia to eastern Indonesia.

News Comment

Today's Industry

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…