Indonesia's state-owned gas transmission and distribution company Perusahaan Gas Negara said late Wednesday that its first-quarter gas sales volume in the domestic market increased by 5.8% year on year to 833,000 Mcf/d.
"The increasing of the gas sales volume was in line with the increase of PGN's supply and consumption volume by the industrial sector customers, comprising of non-power and power plants sectors," PGN said in a statement.
Meanwhile PGN's transmission subsidiary -- Indonesia Gas Transportation -- transported 877,000 Mcf/d of gas to customers in Sumatra, Jakarta, West Java and Singapore over January-March 2013, 3.7% lower from 911,000 Mcf/d a year earlier. The lower volume was mainly due to less offtake from state-owned power company Perusahaan Listrik Negara due to less demand in Batam, PGN said.
During the first three months of 2013, PGN recorded a net profit of $265.3 million, down 3.8% year on year, but revenue jumped 25% to $731.1 million.
Meanwhile, PGN said that construction of its second LNG floating storage and regasification unit, to be located in Lampung, is set to be completed by the end of 2014. The FSRU is being built by Hyundai Heavy Industries in Ulsan, South Korea.
PGN also said that its subsidiary Saka Energi Indonesia has signed deals for stakes in production sharing agreements for two blocks in Indonesia in the first quarter of this year. It acquired a 20% stake in the Ketapang block in East Java from Sierra Oil for $71 million, and a 30% stake in the Bangkanai block in Central Kalimantan for $27 million.
