Half of the US$200 million or US$100 will be used to develop pipeline distribution networks, while the remaining US$100 would be used to increase the capacity of PGN’s subsidiaries, Riza Phalevi Tabrani, PGN financial director said.
The construction of the receiving terminal was urgent, to help overcome the LNG supply problem in the region, which needed a supply of about three million tons.
The supply capacity at present is only about 1.5 million tons.
Tabrani said the conclusion of some of the South Sumatra-West Java project (SSWJ) in 2008 had helped to raise the company’s cash flow.
The cash flow of the company at the end of last year reached US$300 million, he said.
As per the Tabrani, the company has set itself a gas sales target of about 700-800 million metric standard cubic feet per day (MMSCFD) in 2009, higher than 2008, which was at 600 mmscfd.
