Pertamina works to meet demands
JAKARTA, September 2, 2016 – Pertamina has turned to Indonesia-focussed company Andalas Energy and Power to monetise its marginal gasfields. The state-owned entity has also amended its June 2016 crude-processing agreement with Shell to keep up with domestic fuel demands.
According to local media on Friday, the demand for Petramina’s Petramax petrol has all but doubled over the past nine weeks. “[…] We have requested more flexibility that will enable the processing into other fuels, including Pertamax and jet fuel, which we have imported all this time,” integrated supply chain unit senior vice-president Daniel S. Purba was quoted as saying.
One day before, Pertamina said it would set up a joint working and steering committee with Andalas to work on its marginal gasfields. The two companies will initially concentrate on a minimum of five fields with ample stranded gas resources in the provinces of Riau, Jami and South Sumatra with the goal of kicking off independent power projects.