Perusahaan Gas Negara Tbk PT

XMUN:PGB1

Business Description

Sector

Utilities

Industry

Utilities

Headquarters

Indonesia ID

Employees

3 319

IPO date

Dec 15, 2003

PT Perusahaan Gas Negara Tbk, usually called PGN, is Indonesia’s main natural gas company. It moves gas through pipelines, stores it, and sells it to customers that need a steady fuel supply. Its business sits in the middle of the energy chain: it buys or receives gas from producers and delivers it to end users through its network.

PGN’s main customers are power plants, factories, commercial buildings, and households in areas connected to its gas infrastructure. It earns money by charging for gas supply and for transportation and related gas services. In practice, that means the company makes money both from selling gas and from using its network to move gas for others.

What makes PGN different is that it is not just a fuel seller; it is a pipeline and distribution business that depends on long-term infrastructure. That gives it a key role in making natural gas available to users who cannot source it directly from producers. Its value comes from controlling access to pipes, connections, and delivery systems, which are hard to build and replace.