Buana Listya to focus on gas transport this year
Thursday, February 28 2013 - 01:51 AM WIB
IDX-listed PT Buana Listya Tama Tbk, which is engaged in the transport of energy commodities, will focus on the transport of gas in 2013 as it offers better future prospect.
?Soon, gas production will be greater than (crude) oil. We?re preparing to enter the golden era of gas industry in Indonesia,? Corporate Secretary Vicky Ganda Saputra told Petromindo.com Thursday.
The company, however, declined to disclose the targeted gas volume transport this year as it is stilly trying to settle a number of lingering problems including completing the 2011 and 2012 financial reports in March. The delay in the publication of the financial reports was due to the emergence of debt dispute between its parent company PT Berlian Laju Tanker and Gramercy Distressed Debt Master Fund and Gramercy High Yield Corporate Emerging Markets Debt Master.
?Aside from that, we?re also still trying to deal with the suspension of trading in our company?s shares on the Indonesia Stock Exchange,? Vicky said.
Editing by Reiner Saimanjuntak