PGAS signs North Hub LNG purchase deal valued at US$1.55 billion
The agreement covers deliveries from 2029 to 31 December 2037, with an option to extend until 31 December 2038.
Indonesia’s PT Perusahaan Gas Negara (Persero) Tbk (PGAS) has signed an agreement to buy North Hub liquefied natural gas, with the transaction’s value estimated at US$1.55 billion, according to a stock exchange disclosure dated 29 October 2026.
PGAS and its subsidiaries PT Pertagas Niaga and PT Perta Arun Gas are the buyers. Sellers include PT Pertamina (Persero), Eni North Ganal B.V. and Eni Rapak B.V., alongside other companies.
The agreement concerns potential LNG sales to PGAS and/or its affiliates for delivery from 2029 through 31 December 2037. It includes an option to continue deliveries until 31 December 2038.
PGAS said the transaction could expand its long-term gas supply portfolio and help meet gas requirements for its LNG-sourced gas trading activities.
PGAS shares were down 2.73 per cent at Rp1,245 as of 09.49 WIB. The company’s market capitalisation stood at Rp30.3 trillion.
