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Indonesia, China cooperate in LNG business

Publicly listed gas company PGN in Indonesia will partner with a Chinese firm to boost its liquefied natural gas (LNG) development in China, PNG strategy and business development director Syahrial Mukthar said on February 19.
Indonesia, China cooperate in LNG business ảnh 1An engineer of state gas distributor PT PGN checks the gas network at one of the company's mobile refueling units in Bandung, West Java. (Photo: thejakartapost.com)

Jakarta (VNA) – Publicly listed gas company PGN in Indonesia willpartner with a Chinese firm to boost its liquefied natural gas (LNG)development in China, PNG strategy and business development director SyahrialMukthar said on February 19.

PGN signed a memorandum of understanding (MoU) last week with engineering,procurement and construction (EPC) and manufacturing company WnD Heavy IndustryCo.

Accordingly, the Chinese company will provide logistical solutions in 2021.

The partnership will open opportunities to work together in developing thesmall-scale LNG industry in China as well as in the region, Syahrial said,adding there was also a possibility for the gas company to cooperate with otherfirms as China had great potential and various business opportunities.

PGN’s recent move reveals its vision to become a player in the internationalLNG market in the context that global demand for LNG has steadily increasedthanks to a hike in energy consumption in recent years.

According to PGN’s estimation, China’s potentialdemand for gas will increase by over 15 percent annually. As such, PGN'sexpansion into China is the right move to add to the firm's portfolio, Syahrialsaid./.
VNA
#PGN #liquefied natural gas #MoU #WnD Heavy Industry Co. #Syahrial Mukthar #business opportunities #small-scale LNG industry #energy consumption #Vietnam News Agency #Vietnamplus China Indonesia
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