Search result for: "PGAS"

After signing a conditional purchase agreement with Pertamina on June 29 to take over Pertamina Gas (Pertagas), Perusahaan Gas Negara, Tbk (PGAS:IJ) finally announced to buy 51% stake, or equal to 2.6Mn shares of Pertagas from Pertamina for IDR16.6Trn, equal to.

Perusahaan Gas Negara, Tbk (PGAS:IJ) has officially acquired 51% of Pertamina Gas (Pertagas)’s shares after signing conditional sales purchase agreement (CPSA) on June 29, 2018. According to Deputy of Mining Services Business, Strategy Industry, and.

PT Perusahaan Gas Negara (Persero), Tbk (PGAS IJ) started doing various ways to improve its performance. One of them is by selling gas in the equivalent LPG 12Kg and 50Kg. But unlike the Pertamina sellss liquefied petroleum gas (LPG). Gas Negara through its subsidiary PT Gas Energi Indonesia sells compressed natural gas (CNG) to entrepreneurs..

Ketapang Block Operator, is owned by PT Saka Ketapang Perdana by 20% and Petronas 80%, is will drill two new wells in Lapangan Bukit Tua to increse production from 15,000 to 20,000 barrels of oil per day (BOPD). PT Saka Ketapang Perdana is a subsidiary of PT Perusahaan Gas Negara (Persero), Tbk (PGAS IJ). Meanwhile,.

Perusahaan Gas Negara, Tbk (PGAS IJ), recorded the revenue USD1.4bn during the weakening economy in the 1H2017. The largest contribution came from the natural gas, followed by oil and gas sales. Despite the weakening economy, the company will build the natural gas infrastructure to expand the natural gas distribution to public. Natural gas distribution’s revenue.

PT Perusahaan Gas Negara, Tbk (PGAS IJ), recorded the revenue USD1.4bn during the weakening economy in the 1H2017. The largest contribution came from the natural gas, followed by oil and gas sales. Despite the weakening economy, the company will build the natural gas infrastructure to expand the natural gas distribution to public. Natural gas distribution’s.

On the rating front, Fitch has raised the outlook on 6 Indonesia stated owned companies to positive following its revision on the country’s sovereign rating. The SOEs whose outlook being revised to positive are; i) Perusahaan Listrik Negara (PLN), ii) Perusahaan Gas Negara, Tbk (PGAS IJ), iii) Telekomunikasi Indonesia, Tbk (TLKM IJ), iv) Pertamina, v).

On the rating front, Pemeringkat Efek Indonesia (Pefindo) has awarded AAA/Stable for state owned company, Perusahaan Gas Negara Tbk (PGAS:IJ), driven by its important role for Indonesian government, strong position in domestic transmission and distribution gas business supported by widespread pipeline network in Java and Sumatera. Furthermore, the company’s strong liquidity and stable gas demand.

3Q14 net profit reached USD222m (+14.7% q-o-q), bringing 9M14 figure to USD592m (-7.8% y-o-y), in line, comprising 70%/75% of ours/consensus FY14 target. The q-o-q net profit increase is mainly due to forex gain of USD34m in 3Q14 (vs forex loss of USD11m in 2Q14). We see that gross margin squeeze on higher gas cost to.

Company background RAJA is a gas distribution & transmission company with a market share of around 5% (based on my calculation) on the gas distribution business and is the largest non-SOE player in the gas distribution industry. It has a relatively similar business model compared to Perusahaan Gas Negara (PGAS IJ, BUY, TP: IDR6,600) only.