Indonesia’s own efforts Lowers Price Holding GAS With Forming MIGAS

Equityworld Futures, Jakarta – The government is working to establish a holding oil and gas (oil) or oil and gas holding by uniting PT Pertamina (Persero) and PT Perusahaan Gas Negara (Persero) Tbk. One of the benefits gained if synergies have been implemented is the decline in gas prices.

Deputy Energy, Logistics and Tourism Ministry of State-Owned Enterprises (SOEs), Edwin Hidayat Abdullah said the establishment of oil and gas holding aims to address the challenges facing Indonesia gas industry, namely the increase in gas demands as much as five-fold in 2050.

“The high dependence of Indonesia on imported gas, gas prices are relatively high and the imbalance of gas resources in Indonesia,” said Edwin, during a hearing with House Commission VI, at the Parliament Building, Jakarta, Thursday (02/23/2017).

Edwin continued, the formation of oil and gas holding will encourage energy security and the economy, through the synergy Pertamina and PGN. Because infrastructure will connect the gas from the west to the east, through an increase in domestic gas supply, the effectiveness and efficiency of gas distribution and gas infrastructure optimization.

Edwin said, it provides a variety of benefits, including open cuts in the price of gas at the final consumer level for efficiency throughout the chain. The decline in gas prices will have an impact on improving the competitiveness of the industry as production costs decrease and the price of the products become cheaper.

“The benefits, the infrastructure development that does not overlap for the supply of gas to the end consumer,” said Edwin.

Edwin said Bergan impact da obtained from oil and gas holding is able to increase state tax revenues, due to increased industry revenues.

“Improving the employment industry, because of the growth of the industrial sector,” said Edwin.

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