By Ranuh Rafiani Putri
State steel maker PT Krakatau Steel (Persero) Tbk (IDX: KRAS) and gas distribution firm PT Perusahaan Gas Negara Tbk (PGN) (IDX: PGAS) have entered into a strategic partnership to enhance port infrastructure and LNG bunkering services in Indonesia. The collaboration will focus on developing natural gas facilities both offshore and onshore, as well as providing LNG refueling services for ships to support Indonesia’s growing energy and logistics sector.
“This synergy between state-owned enterprises is a mutually beneficial collaboration that will drive growth for both companies,” said Krakatau Steel President Director Muhamad Akbar Djohan in Jakarta on Thursday. “PGN can expand its natural gas infrastructure, while Krakatau Steel, through PT Krakatau Bandar Samudera, will provide port services for LNG bunkering.”
The Cigading Terminal 1 and Terminal 2 in Cilegon, Banten, have been identified as key locations for this development due to their existing natural gas pipeline network. The project aligns with Krakatau Steel’s ongoing business transformation, which extends beyond steel production to include non-steel industry development through its subsidiary, PT Krakatau Bandar Samudera.
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“This partnership is expected to progress smoothly over the next two years. We aim to expand beyond PT Krakatau Bandar Samudera, ensuring broader infrastructure development across the Krakatau Steel Group,” Djohan added.
PGN President Director Arief Setiawan Handoko emphasized the strategic importance of port-based LNG infrastructure, stating that LNG bunkering services are critical for supplying gas to regions beyond pipeline coverage. He reiterated PGN’s commitment to accelerating the project’s implementation to secure long-term benefits for both companies.
PT Krakatau Bandar Samudera currently operates 17 jetties with international-standard facilities, handling 800 vessels annually. The port also features a Continuous Ship Unloader (CSU) with a capacity of 1,300 tons per hour, integrated with a food-grade standard storage warehouse (IWH).
Editing by Alexander Ginting
