Government evaluates fate of Saka Energy. The government through state-owned gas subholding company PT Perusahaan Gas Negara (PGN) has started to evaluate the future of Saka Energy Indonesia, PGN’s subsidiary, as the subholding company is now focusing on downstream operations.
State-Owned Enterprises (SOEs) Ministry undersecretary for mining, strategic industries and media affairs Fajar Harry Sampurno told the press on Tuesday that the evaluation would be completed by September.
He said the choices include handing it over to state-owned energy company Permina, selling it to Pertamina or listing it on the Indonesia Stock Exchange (IDX).
PGN needs to evaluate its ownership on Saka Energi Indonesia after the SOEs Ministry grouped SOEs based on the type of their business. PGN (PT Perusahaan Gas Negara) is tasked with focusing on gas downstream operations and becoming a gas subholding company under Pertamina after PGN completed the purchase of 51 percent of Pertamina’s gas subsidiary, PT Pertamina Gas (Pertagas), last year. The deal was worth Rp20.18 trillion (US$1.4 billion). Government evaluates fate of Saka Energy (bbn, Stefanno Reinard Sulaiman, The Jakarta Post)