Along The Half Year 2015 Pertagas Successful Profit Target Beyond

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News Summary: Good News from PT Pertamina Gas (Pertagas) during the first half of 2015

Good News from PT Pertamina Gas (Pertagas) during the first half of 2015. One subsidiary of PT Pertamina (Persero) The company had a net profit above the target RKAP pegged proportionately throughout the first half of 2015. "Thank God, we managed to score net income above 100% of the target RKAP proportional, "said Hendra Jaya, President Director of PT Pertamina Gas.

This achievement incision as continuing the tradition of PT Pertamina Gas last throughout 2014, which surpassed the CBP value of the profit side. Last year, Pertagas managed to record a profit of US $ 178.7 million, up approximately 12% compared to the profit in 2013 of US $ 158.8 million. "This year we are targeting earnings reached US $ 178.6 million," added Hendra.

The raising of Pertagas financial performance amid the unstable tendency of the business performance of the energy sector, is not separated from the business recorded stable performance. Throughout 2015, Pertagas successfully transporting gas and oil respectively 1,464 MMSCFD and 13,048 bopd. The gas trading volume so far this year reached 109 bbtud. While the gas processing business lines that are in Pondok Tengah (Bekasi, West Java) and Prabumulih (South Sumatra), lifting LPG until the first half of 2015 to reach 400 tons / day.

Continue the aggression in 2014 in terms of developing the project, during the first half of this year also, Pertagas continue to complete the various projects, among others Gas Pipeline Project Belawan-KIM-KEK, Gas Pipeline Project Muara Karang-Muara Tawar Gas Pipeline Project Gresik-Semarang, Projects Gas pipeline RoW Porong and Jargas project. "The realization of the investment up to June 2015 has reached USD 122.3 million, or approximately 50% of the CBP," said Hendra. The pipeline-Belawan and Arun Arun LNG Receiving and Regasification Terminal has been completed and in operation earlier this year

Up to June 2015 Month of work progress Gas Pipeline Project Belawan-KIM-KEK reaches 75%, the project is intended to overcome the energy crisis for the industry in North Sumatra area, and targeted for commissioning in Q4 2015. The Gas Pipeline Project Muara Karang - Muara Tawar , up to June 2015, reaching 44% of work progress. The Gas Pipeline Project Porong-Grati and Gas Pipeline Project Gresik - Semarang today each has reached 61% and 55%.

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