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Indonesia’s Perusahaan Gas Negara Prepares Capex US$700M in 2020

JAKARTA (TheInsiderStories) - Indonesia' gas producer and distributor, PT Perusahaan Gas Negara Tbk (IDX: PGAS) planned to develop distribution pipe in several cities in Indonesia...

Indonesia’s Perusahaan Gas Negara Seeks US$500M from Bank, Global Market

Jakarta (TheInsiderStories) - Indonesian gas producer, PT Perusahaan Gas Negara Tbk (PGAS) seeks funding of US$500 million in this year. It will be met by...

Indonesia Inaugurates Three SEZs, Two Gas Infrastructures

JAKARTA (TheInsiderStories) — President of Indonesia, Joko Widodo inaugurated three special economic zones (SEZ) in eastern of the archipelago. The zones are Bitung in...

Indonesia’s Perusahaan Gas Negara Acquires Pertagas for US$1.39B

JAKARTA (TheInsiderStories) – Indonesia' gas producer, PT Perusahaan Gas Negara Tbk (IDX: PGAS) acquired PT Pertamina Gas (Pertagas) for Rp20.18 trillion (US$1.14 billion). The...

S&P: Indonesia’s PGAS Ratings Placed On Watch Negative On Proposed Acquisition...

JAKARTA (TheInsiderStories) - Indonesian publicly listed PT Perusahaan Gas Negara Tbk's (IDX: PGAS) proposed acquisition of a 51 percent stake in PT Pertamina Gas...

Indonesia PGAS’s Share Drops 10% After Pertagas Acquisition

JAKARTA (TheInsiderStories)--Indonesia's state-owned gas company PT Perusahaan Gas Negara Tbk (IDX: PGAS) shares fell by almost 10 per cent after the company announced the...

Indonesia’s PGAS Officially Acquires Pertagas

JAKARTA (TheInsiderStories)—Indonesia’s state-owned gas company PT Perusahaan Gas Negara Tbk (IDX: PGAS) officially acquired 51 per cent stake of the PT Pertamina Gas (Pertagas)...

Moody’s: PGN Faces Credit Challenges From Weak Operating Environment

Singapore -- Moody's Investors Service says that Perusahaan Gas Negara (P.T.)'s (PGN, Baa2 stable) gas distribution margins would remain weak in the next 1-2...

Pertamina Scraps Gas Director Post

JAKARTA (TheInsiderStories) – The government through the State Owed Enterprises (SOE) has changed the structure of Pertamina’s board of directors, including by scrapping the...

Creating an Efficient Gas Value Chain within Holding

JAKARTA (TheInsiderStories) – PT Perusahaan Gas Negara Indonesia Tbk (IDX:PGAS) is expected to approve the establishment of an oil & gas holding company at...

Indonesia Expanding Gas Pipeline Network, Pipe Producers to Benefit

JAKARTA (TheInsiderStories) - As a move to increase domestic usage of natural gas, the Downstream Oil & gas Regulatory Body, will tender out three...

Pertagas and PGN Embark on Construction of Duri-Dumai Gas Pipeline

JAKARTA (TheInsiderStories) – PT Pertamina Gas (Pertagas), a subsidiary of diversified state-owned energy company PT Pertamina and national gas distributor PT Pertamina Gas ...