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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...

PGN Shareholders Approves Merger Plan with Pertagas

JAKARTA (TheInsiderStories)—Shareholders meeting of PT Perusahaan Gas Negara Tbk (PGAS) approved the plan to acquire and merge with PT Pertagas, a subsidiary of state-owned...

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...

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 ...