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Petredec & Indonesian LPG Market
In December 2008, Bermuda-based Petredec Limited won Pertamina tender to import one million tons of LPG per annum for a period of 10 years (2009-2019). Petredec won the 'competitive bidding' over giants like Shell, BP, Petronas, A1, and Saudi Aramco. How come? ,Last Updated ( Sun, 07 Aug 2011)
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| Who's who in LPG supply chain
Vice President Jusuf Kalla and Energy Minister Purnomo Yusgiantoro both blamed lack of supporting infrastructure behind the chaotic supply of LPG to millions of households. Kalla begs for forgiveness, but some angry customers simply condemned government for poor preparation in the implementation kerosene-to-LPG conversion program. BTW, who are key LPG producers? Who controls logistic and transportation to customers? (Sun, 14 Dec 2008)
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| Forex translation loss cuts PGN's profit
State-owned gas transmission and distribution company PT Perusahaan Gas Negara (PGN) Tbk reported net profit of Rp1.57 trillion last year, declined 16.9% from 2006 due to huge forex translation loss. (Fri, 28 Mar 2008)
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| • Senoro LNG moves forward | Gas | Mitsubishi Corporation, PT Medco LNG Indonesia, and Pertamina Energy Services Ptd Ltd had finally agreed to establish PT Donggi Senoro LNG (DSLNG) to build the LNG plant in Sulawesi. | |
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