Pertamina sets up new subsidiary to handle all its gas operations

Jakarta (Platts)--17Jan2007

Indonesia's state-owned Pertamina has formed a new gas subsidiary called Petra Gas to handle all of its gas trading, processing, distribution and transmission operations, a senior company official said Wednesday.

"It manages all of gas business, including pipelines construction, gas processing for LNG terminals and production of LPG," said Pertamina vice president Iin Arifin Takhyan.

Pertamina's existing gas pipelines in East Java, Sumatra and Kalimantan will be part of the subsidiary, he said.

The company produced 944,000 Mcf/d of gas in 2006.