PGN and PIS Collaborate to Reduce Emissions in the Maritime Sector

Pertamina Group is demonstrating its commitment to a low-emission future through a significant collaboration between its subsidiaries, PT Pertamina International Shipping (PIS) and PT Perusahaan Gas Negara (PGN). This strategic partnership, formalized through a Memorandum of Understanding (MoU), marks a crucial step in developing and utilizing maritime infrastructure for the transportation of low-carbon fuels. The agreement specifically targets the provision of transport for cargoes such as LNG, ammonia, and hydrogen, reflecting Indonesia's growing focus on diversifying its energy sources and reducing carbon emissions. Surya Tri Harto, CEO of PIS, emphasized that this collaboration is about "optimal value for Pertamina Group," highlighting the potential for synergistic growth beyond individual subsidiaries. This initiative is not just about enhancing the fleet and diversifying cargo but also about bolstering national energy security. PGN CEO Arief Kurnia Risdianto noted that this expands upon existing cooperation, underscoring the importance of developing midstream to downstream gas infrastructure. The goal is to ensure Indonesia is well-prepared for the increasing global demand for LNG and to foster domestic ownership in critical energy infrastructure, moving beyond being mere spectators. This forward-looking approach positions Pertamina Group as a provider of efficient, integrated, and sustainable energy solutions.

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On this cooperation, we are talking about optimal value for Pertamina Group, not just for PIS or PGN. With plans to have gas transportation infrastructure, including for floating (storage), we are trying to assess investment options, so that in the long term we are not too exposed to market price fluctuation risks. Once again, to jointly create optimal value for Pertamina.