PT Pertamina (Persero) signed a cooperation agreement with an oil and gas company from the United Arab Emirates (UEA), Abu Dhabi National Oil Company (ADNOC). Through this cooperation, Pertamina will import LPG from ADNOC, responding to the increasing demand for gas.
Director of Central Marketing & Commerce of PT Pertamina Patra Niaga Hasto Wibowo said the national demand for LPG in 2022 is estimated to reach 8.3 million tons, then increase to 9.12 million tons in 2023, and increase again to 10.01 million tons in the year 2024. Through cooperation with ADNOC, Pertamina ensures the safety of the national LPG supply which is projected to continue to increase every year.
"Currently, the balance of national LPG import needs reaches 6 million tons per year. Hopefully, with this cooperation Pertamina can expand supply sources and maintain supply stability," said Hasto.
Hasto explained that this cooperation is one of the procurement strategies for bundling LPG and petrochemical products that are purchased directly from producers. This agreement is also possible to be extended every year, subject to an evaluation before the end of the agreement.
"It is hoped that this collaboration can create long-term collaboration opportunities for LPG and petrochemical products by of course still paying attention to developments in the petrochemical business," said Hasto.
With this cooperation, the Ambassador of the Republic of Indonesia to UEA Husin Bagis hopes that in the future there will be more collaboration between the two companies.
Surya, Page-7, Wednesday, March 10, 2021
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