Pertamina Gas Negara Tbk | |
Type: | Publicly listed subsidiary |
Foundation: | 1965 |
Industry: | Public utility |
Products: | Natural gas |
Location: | Jakarta, Indonesia |
Key People: | Arief Setiawan Handoko, CEO |
Revenue: | US $ 3.848 billion (2019) |
Assets: | US $ 7.373 billion (2019) |
Net Income: | US $ 113 million (2019) |
Num Employees: | 3,119 (2019) |
Parent: | Pertamina |
PT Pertamina Gas Negara Tbk (PGN, English: Pertamina Gas Company, trading as Pertamina Gas Negara; formerly known as PT Perusahaan Gas Negara Tbk, English: State Gas Company) is an Indonesian natural gas transportation and distribution company. The total length of distribution pipelines of the company is 3,187 km that serve around 84 million customers.
The Indonesian natural gas industry was initially managed by the Dutch private gas company L.J.N Eindhoven & Co., which was established in 1859. The company introduced the use of gas in Indonesia, which was at the time made from coal.[1]
At the end of World War II, in August 1945, Japan surrendered to the Allies. This opportunity was used by the youth and electrical workers (through Electricity and Gas Labour/Employee delegation), which together with the chairman of the Central Indonesian National Committee (KNIP) took the initiative to meet President Sukarno and propose the take over of the company by the Government of Indonesia.
On 27 October 1945, President Sukarno formed Jawatan Listrik dan Gas (Bureau of Electricity and Gas) under the Ministry of Public Works and Energy with a power generating capacity of 157.5 MW. In 1958, L.J.N. Eindhoven & Co was nationalised and converted into PN Gas.
On 1 January 1961, the Bureau of Electricity and Gas became BPU-PLN (Badan Pimpinan Umum Perusahaan Listrik Negara, General Governing Agency of the State Electric Company). The agency, which managed the electricity and gas, then dissolved on 1 January 1965. At the same time, two state-owned companies were established: Perusahaan Listrik Negara (PLN) to manage the electricity sector and Perusahaan Gas Negara (PGN) to manage the natural gas sector. PGN was officially established on 13 May 1965.
In 2018, PGN became a subsidiary of Pertamina.[2] PGN has rebranded to become Pertamina Gas Negara on 10 December 2021.[3]
The company owns and operates four transmission pipelines:
In 2011 the company distributed 795e6ft3/d and transmitted 845abbr=unitNaNabbr=unit at standard conditions of natural gas