PT Perusahaan Gas Negara Tbk (PGAS) Investor Update 2025 summary

Strategic vision and mission

• Aims to be a provider of greener, more sustainable energy solutions, accelerating Indonesia's energy transition.

• Focuses on growing core gas business, expanding infrastructure, and pursuing new opportunities in LNG, biomethane, and hydrogen.

• Seeks to connect Indonesia to a cleaner and sustainable energy future through innovation and diversification.

Strategic direction and operational focus

• Prioritizes HSSE excellence, risk management, and maintaining a medium ESG risk rating.

• Plans to optimize piped gas and LNG supply, expand transmission and distribution infrastructure, and enhance gas utilization.

• Diversifies into crude and fuel oil transport, global LNG trading, and clean energy businesses.

• Focuses investments on market expansion and infrastructure in Java, Sumatra, Kalimantan, and Eastern Indonesia.

Corporate targets and key metrics for 2025

• Gas trading target: 873–958 BBTUD; gas transmission: 1,543 MMSCFD; regasification: 218 BBTUD.

• Oil and gas lifting: 20,424 BOEPD; oil transportation: 178,347 BOEPD; LPG processing: 108 TPD.

• Capex set at $258 million for 2025, with 39% allocated to upstream and 61% to downstream and others.

• Aims for zero accidents and 4,372 tons CO2eq emission reduction (Scope 1 & 2).

• Key assumptions: 5.1% economic growth, 3% inflation, Rp16,000/USD, $82/barrel oil price.