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Indonesia’s PGN sets aside $56.07M to develop household gas pipeline network

JAKARTA ( – State-owned gas distributor company PT Perusahaan Gas Negara Tbk (IDX:PGAS) has decided to allocate Rp800 billion or US$56.07 million to develop gas pipeline network this year, according a government official.

Director General for Oil and Gas Djoko Siswanto told reporters on late Monday that PGN in document submitted to the energy ministry has proposed to invest the above amount to develop household gas network, known as Jargas, to 80,000 households.

This will cover some areas in Sumatera, such as Jambi-Sorolangun.

PGN’s President Director was quoted by Kontan daily as saying that the company is still searching for funds to finance the project.

The development of gas infrastructure to the households is part of the government program to increase the utilization of natural gas, which is perceived to be cleaner, in the country.

PGN has said it plans to add 1 million units of households gas networks (SR) in the period of 2020-2025. (*)

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