Pertamina-PGN merger gains traction

A bid to combine two of Indonesia’s state-owned giants could streamline the country’s gas market, although some hurdles remain A bid to combine two of Indonesia’s state-owned giants could streamline the country’s gas market, although some hurdles remain.
By Damon Evans 19 December 2017 0 28834
Indonesian pipelines. Pipeline infrastructure in Indonesia. (PGN)

The Indonesian government is ramping up its efforts to merge Pertamina and national gas distributor Perusahaan Gas Negara (PGN) as part of a plan to form a new state-owned holding company.

The ministry of state-owned enterprises said on 7 December that national energy company Pertamina would take over PGN in the first quarter of 2018 in an effort to improve the management of the gas sector and boost the NOC’s financial clout in a bid to help it expand at home and abroad. 

The merger, which was...

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