PT Perusahaan Gas Negara Tbk (PGN) has share on the LNG project receiving terminal project is 40 percent with the total investment of US$150 million. The company prepares US$60 million or IDR570 billion to finance the construction of LNG receiving terminal in West Java.
The facility construction here requires US$150 million. Other company taking part in the project development is Pertamina with 60 percent shares possession.
LNG receiving terminal located in West Java will supply gas for business players in the region and PLN power plant. Formerly PLN intended to join in the consortium, but PLN walked out.
PGN in 2009 tapped more than IDR5 trillion net profits. The pure net profit from gas supply is about IDR4.2 trillion and the rest is from the spread of exchange rate following the appreciation of rupiah against US dollar. The figure here swells at least by 688.9 percent as from IDR633.86 billion last year.
LNG receiving terminal located in West Java will supply gas for business players in the region and PLN power plant. Formerly PLN intended to join in the consortium, but PLN walked out.
PGN in 2009 tapped more than IDR5 trillion net profits. The pure net profit from gas supply is about IDR4.2 trillion and the rest is from the spread of exchange rate following the appreciation of rupiah against US dollar. The figure here swells at least by 688.9 percent as from IDR633.86 billion last year.
PGN experiences the contradictory condition as it was the case in 2008 with exchange rate losses. Besides, the exchange rate profit has mounted sharply PGN finance performance.
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