More Indonesian companies sign deals to secure gas discounts

A technician of state-owned gas company PGN inspects gas pipelines at the company’s Pasar IX metering and regulating station in Medan, North Sumatra, on Jun3 3, 2020 - Antara

JAKARTA (The Jakarta Post/ANN): Seven more companies have signed deals with gas producers to receive gas at subsidised prices following similar agreements with 11 companies in May, as the government seeks to boost Indonesia's manufacturing sector amid the Covid-19 pandemic.

The companies, consisting of a fertiliser maker and six gas distributors, signed letters of agreement (LoA) on Wednesday (June 3) to secure 231.2 billion British thermal units per day (bbtud) of gas, according to the Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas).