Bahana named as gas infrastructure consultant

The Office of the State Minister of State Owned Enterprises has appointed state-owned securities firm PT Bahana Securities as consultant for the ministry in mapping out gas infrastructure projects of state-owned gas distribution firm PT Pertamina Gas (Pertagas) and state-controlled gas distribution firm PT PGN Tbk, Bisnis Indonesia reported Friday.

The paper quoted Deputy Minister overseeing energy and logistics, Edwin Hidayat Abdullah as saying that the map is needed to avoid overlapping of gas infrastructure projects by the two companies. The ministry also plans to sinergize the two companies, under which one of the options is to let PGN acquire the gas infrastructure facilities of Pertagas.

Edwin said that Bahana has met with PGN and state-owned oil and gas firm PT Pertamina, the parent of Pertagas, to obtain the required data to design the gas infrastructure map, which is expected to be completed later this month. No further details were provided. (*)