Gas subholding of Pertamina, PT Perusahaan Gas Negara (PGN), has embarked on a strategic collaboration with Conrad Energy Asia Ltd, signifying a landmark initiative in the energy sector.

The collaboration encompasses a comprehensive commitment to the provision of gas supply and the development of crucial infrastructure for liquefied natural gas (LNG) in the burgeoning region of Aceh, known for its substantial offshore oil potential. This venture aims to tap into and capitalize on the promising gas resources located in the coastal areas of Aceh through ongoing exploration endeavors.

The memorandum of understanding (MOU), signed by PGN's Director of Strategy and Business Development, Rosa Permata Sari, and Conrad Energy Asia's Managing Director & CEO, Miltos Xynogalas, marks the formalization of their mutual commitment. This collaboration, orchestrated with precision and foresight, holds significant promise for enhancing the energy landscape of Indonesia and fostering sustainable economic growth.

Rosa articulated the strategic significance of this partnership, emphasizing its pivotal role in bolstering the resilience of gas supply across various consumer sectors. Leveraging the potential gas reservoirs from Aceh's rich offshore reserves is poised to revolutionize domestic gas supply dynamics, effectively catering to the nation's evolving energy needs.

Echoing Rosa's sentiments, Miltos Xynogalas underscored the transformative potential of this collaboration, particularly in optimizing gas distribution to meet market demands efficiently. Armed with cutting-edge technology and a commitment to environmental stewardship, Conrad Energy Asia is determined to unlock the economic value of gas and LNG in collaboration with PGN. Furthermore, Xynogalas articulated a vision of transitioning towards cleaner energy alternatives, recognizing the pivotal role of gas as a bridge fuel towards achieving net-zero emissions.

The collaboration between PGN and Conrad represents a pivotal milestone in the development of Aceh's oil and gas sector. Marthunis, representing the Acting Governor of Aceh, hailed this partnership as a catalyst for regional development, underscoring its potential to stimulate economic growth in the western region of Aceh. The utilization of gas resources in this strategic location holds the promise of empowering local communities and driving socio-economic progress.