PGN secures 5.45 BBTUD gas supply from Tungkal Working Area

PT Perusahaan Gas Negara Tbk (PGN) has signed a Gas Sale and Purchase Agreement (PJBG) with Mont D’Or Oil Tungkal Limited to secure gas supplies from the Tungkal Working Area in Jambi. Under the agreement, PGN will receive 5.45 BBTUD of gas for the period between 2026 and 2034, with volumes expected to ramp down gradually until 2040.

PGN plans to integrate the supply from the Central Sumatra region into its existing infrastructure on Sumatra Island. This move is intended to strengthen domestic energy security and ensure reliable gas distribution for industrial, commercial, small business, and household customers. The agreement was witnessed by the Head of SKK Migas.

In related financial news, PGN reported a net profit attributable to owners of the parent entity of US$ 90.45 million for the first quarter of 2026, representing a 46% year-on-year increase. However, revenue for the same period decreased by 3.83% year-on-year to US$ 929.56 million.