PT Perusahaan Gas Negara (Persero) Tbk - Company Profile
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Business Description
PT Perusahaan Gas Negara (Persero) Tbk (PGN), a subsidiary of of PT Pertamina (Persero), carries out the transmission and distribution of natural gas. It supplies natural gas to diverse industrial, commercial, and residential customers. The company operates a natural gas distribution pipeline network that connects major natural gas producing areas with industrial zones and residential areas.
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Business Segments
Overview
Explores for, develops and produces oil and natural gas from its upstream assets. The company operates through its upstream subsidiary, PT Saka Energi Indonesia (SEI). In FY2024, the segment incurred a capital expenditure of US$90.7 million, which grew 6.6% YoY.
Performance
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Overview
Carries out trading and transmission of gas and processing of LNG to the industrial, commercial, power plants, fuel gas (BBG) transportation industry, and household customers. The company has established four Sales and Operation Regions (SORs) for this segment. SOR I covers Sumatra Island and the Riau Islands, including the areas of Medan, Palembang, Lampung, Pekanbaru, Dumai, and Batam. SOR II encompasses the provinces of West Java, the Jakarta Special Capital Region, and Banten, with areas such as Jakarta, Bogor, Tangerang, Cilegon, Bekasi, Karawang, and Cirebon. SOR III spans the provinces of Central Java, East Java, Bali, and Nusa Tenggara, covering Surabaya, Bojonegoro, Sidoarjo, Pasuruan, and Semarang. SOR IV includes the islands of Kalimantan, Sulawesi, Papua, and Maluku, covering Balikpapan, Kutai Kartanegara, Tarakan, Banggai, and Sorong. In FY2024, the segment incurred a capital expenditure of US$148.7 million, which grew 7.8% YoY.
Performance
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Overview
Provides fiber optic rental for network services and construction and maintenance services to the customers and management and leasing buildings and equipment. Includes operations in telecommunication, construction, LNG, building and equipment management and financial lease areas through PT PGAS Telekomunikasi Nusantara (PGASCOM). In FY2024, the segment incurred a capital expenditure of US$15.9 million, which grew 81.4% YoY.
Performance
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