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May 17, 2016 13:18:42
PGAS holds off acquisition plans – PT Perusahaan Gas Negara (PGAS) is holding off its plans to acquire oil & gas blocks this year and decided to focus on production development. President Director Hendi Prio Santoso stated that the company’s subsidiary, PT Saka Energi, will focus on developing existing blocks to commence production. On a separate note, PGAS’s FSRU Lampung, operated by PGN LNG, will receive another LNG cargo next week from Tangguh, Papua. This will be the 3rd cargo from a total of 8 cargoes that FSRU Lampung will receive this year.

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