Monday, 07 August 2023  KIORCC

News Archive Products Job Gallery Tender Event Advertise Magazines GIS

Regulations About

PIS explores international cooperation on Search here ... 

LNG terminal
Thursday, August 3 2023 - 07:21AM WIB

By Bernard Loebs

PT Pertamina International Shipping (PIS), the shipping and marine logistics

subsidiary of state-owned oil and gas firm PT Pertamina, is seeking international
partners to help develop and manage LNG terminals.

PIS President Director Yoki Firnandi said that this is part of the company’s long-
term strategy to expand its LNG transportation business.

“The PIS business line is not only shipping, but also marine logistics and
managing terminals. The business potential for building new terminals and marine
logistics in Indonesia is still huge. However, we are also exploring new business
potentials internationally to build terminals. Currently we are exploring cooperation
with several potential partners. For example, we are exploring cooperation with
Korea for an LNG receiving terminal facility. Also, in the US for an LNG export
facility. That is our long term plan,” said Yoki as broadcasted on the YouTube
Channel of Bloomberg on Tuesday.

Read also: Pertamina Shipping bags fresh contracts from global players

Currently, almost one hundred percent of the PIS transportation business is

related to fuel oil, LPG and crude oil.

Yoki said that the LNG transportation business is projected to continue growing,
especially in the Middle East and in the US. He predicts that LNG transportation
will experience a shortage starting in 2026. Therefore, PIS will strengthen its
portfolio in the LNG business line.

“This year we will open bids for the construction of 2 to 4 LNG vessels. This is a
multi-year investment,” said Yoki.

Editing by Reiner Simanjuntak

Share this story

 Monday, 07 August 2023  KIORCC

News Archive Products Job Gallery Tender Event Advertise Magazines GIS

Regulations About

© 2000-2023 Petromindo.com. Web Design by Petromindo.com. All Rights Reserved. See Disclaimer for details.
Encountering errors, unworking button or bugs in this website, report to: fix@petromindo.com
Contact news desk: editorial@petromindo.com
All material appearing on the Petromindo website (“content”) is protected by copyright under Copyright laws and is the property of Petromindo or the party credited as the provider of the content. You may not copy, reproduce, distribute, publish, display, perform, modify,
create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network, including a local area network, sell or offer it for sale, or use such content to construct any kind of database. You may not alter or
remove any copyright or other notice from copies of the content on Petromindo’s website. For permission to use the content on the website, please contact marketing@petromindo.com