The PGN and Pertagas unit can strengthen the existence of oil and gas companies



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ILLUSTRATION. Executive Director of ReforMiner Institute Komaidi Notonegoro

KONTAN.CO.ID -JAKARTA . On April 11, 2018 was officially created Holding BUMN Migas. PT Pertamina Persero (Pertamina) is officially the holding company of BUMN Migas and PT Perusahaan Negara Tbk (PGN) as a member of Holding. In addition, it has been approved by the Ministry of Integration PT PT Pertamina Gas (Pertagas) in PGN in PP 06 of 2018.

The main objective in the creation of Holding BUMN Migas is to jointly build a business global gas that promotes national energy security through 4A: Availability, Accessibility, Affordability and Acceptability of Gas in Indonesia. The integration of the gas business aims to boost the economy and national energy security through the management of connected gas infrastructure between western Indonesia (Arun) and eastern Indonesia (Papua).

Holding BUMN Migas will be able to generate a number of benefits, including the strengthening of Indonesian oil and gas infrastructure, creating savings in the natural gas supply chain, increasing capacity and the volume of national natural gas management. Hold BUMN Migas, and save on investment costs without duplicating development.

The role of PGN and Pertagas will be very important in the future as it will manage the gas business in an integrated manner under the name Sub Holding Gas under the coordination of Holding BUMN Migas. From now on, the two competing companies will be supported in the expansion and investment to pursue greater goals in the downstream business of natural gas business.

All stakeholders of Sub Holding Gas will benefit positively from the PGN and Pertagas membership. Starting from customers who will get more affordable gas prices, the majority and minority shareholders will feel the increased profitability of PGN, up to all employees of PGN and Pertagas who will be more open with a broad opportunity. career because the company where they work gets great.

By completing the process of establishing the state oil and gas company Holdings in the future, a clear roadmap has been established with important short- and medium-term milestones for the future. 39, integration of Sub Holding Gas. On June 29, 2018, a milestone was reached in the integration process, namely that PGN has entered into a Conditional Sale Purchase Agreement (CSPA) with Pertamina.

The Pertagas integration process is achieved by applying good corporate governance and legislation, particularly in the capital market and involving various parties who support and oversee the process of the company. integration. At the next step, a unified mix of capabilities, badets and talents is needed between PGN and Pertagas to generate significant value added for the Indonesian nation and all stakeholders. A great job, which can succeed if all employees of PGN and Pertagas can work hand in hand to achieve the same vision and the same mission for the progress of the company and the well-being of the employees.

On several occasions, both the Ministry of Public Enterprises and the directors of Pertamina and PGN ensured that there were no redundancies in the integration process. And all permanent employees will have the same rights. In order for the PGN Board to ensure that the transition from the Pertagas integration process to PGN can proceed smoothly and in accordance with the plan, all elements of the employees should be well integrated. In conclusion, Pertamina as holding company of BUMN Migas welcomes the creation of a world-clbad gas company in which the integration of PGN and Pertagas will be part of the Pertamina group's large family which has a common vision of energy sovereignty for the Indonesian nation. It is hoped that the creation of this state-owned oil and gas company will create sovereignty and energy security that will benefit society and the state.
Reporter: Azis Husaini
Author: Azis Husaini

MIGAS

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