Tuesday, July 16, 2024

PT Nusantara Regas books US$81 million in revenue in 2023

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Gusty da Costa

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PT Nusantara Regas, a subsidiary of State oil and gas company Pertamina, announced the company’s revenue of US$81.08 million for the fiscal year 2023 generated from LNG regasification services at the West Java Floating Storage & Regasification Unit (FSRU) facility.

“We believe LNG is the future of Indonesia’s energy and energy security and availability are no longer negotiable. We are very confident that we can take a big role, one of which is the provision of LNG Bunkering and Breakbulking facilities so as to support Indonesia’s energy independence. This adds to our portfolio which previously became the company that operated the first FSRU in Southeast Asia,” President Director of PT Nusantara Regas, Mohd. Iskandar Mirza, told the General Meeting of Shareholders (GMS) for the fiscal year 2023 in Jakarta, on Tuesday, May 21, 2024.

In its operating performance, Nusantara Regas has distributed 89.54 Million MMBTU of gas from the receipt of 32.45 LNG cargoes for vital power plants in Jakarta and West Java. Nusantara Regas also proved the reliability of its operations by achieving Plant Availability Factor of 97.37 percent and Plant Thermal Efficiency of 98.54 percent. From the start of operations in 2011 until 2023, Nusantara Regas has recorded 12,564,153 safe working hours, proving its serious and consistent commitment to Health, Safety, Security and Environment (HSSE) implementation.

In terms of business expansion, going forward Nusantara Regas is focusing on developing the Company’s footprint as a retail LNG infrastructure provider in Indonesia to encourage the utilization of environmentally friendly energy. It will also integrate its facilities with Pertamina’s Gas Subholding to support energy security for the community.

Vice President for Corporate Communication at PT Pertamina, Fadjar Djoko Santoso, said that Pertamina will encourage the performance of the gas business as a transitional energy managed by the Gas Subholding and all its subsidiaries.

“The positive performance of Nusantara Regas will strengthen Pertamina’s gas business in the energy transition era,” Fadjar said.

Nusantara Regas is an affiliate of PT Pertamina (Persero) established with PT Perusahaan Gas Negara, Whose role is to operate the West Java Floating Storage & Regasification Unit (FSRU) in Jakarta Bay Waters, subsea pipelines, and the Onshore Receiving Facility Muara Karang, Jakarta. These facilities receive and process LNG to power three vital power plants in Jakarta and West Java.

Gusty da Costa

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Editor

 

Interview

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