PGN signs gas supply contract with KNSS
Friday, April 29 2016 - 04:27 AM WIB
By Febry Silaban
IDX-listed gas distribution company PT PGN Tbk has won tender for the supply of gas to PT Krakatau Nippon Steel Sumikin?s (KNSS) steel plant in Cilegon, Banten.
?Gas supply will start on February 1, 2017,? said PGN Director Danny Praditya on Friday following the signing of the gas sales and purchase agreement, but did disclose the volume and the value of the contract.
KNSS, a joint venture between IDX-listed steel company PT Krakatau Steel Tbk and Japan?s Nippon Steel & Sumitomo Metal Corp, produces cold rolled and galvanized cold rolled steel products for the automotive industry.
Editing by Reiner Simanjuntak