Pertamina Gas Negara

What Pertamina Gas Negara does

Pertamina Gas Negara (PGN), founded in 1965 and listed on the Indonesia Stock Exchange since 2003 under ticker PGAS, is Indonesia's largest natural gas transmission and distribution company. PGN operates a pipeline network exceeding 33,490 km and serves more than 820,000 residential customers and over 6,000 industrial, commercial, and UMKM customers. Since December 28, 2018, PGN has functioned as the Gas Sub-Holding within the Pertamina Group, with PT Pertamina (Persero) holding 56.96% ownership.

PGN's core business is the transportation and distribution of natural gas through its integrated pipeline infrastructure, complemented by LNG regasification, city gas (Jargas) networks, and an emerging portfolio of renewable gas products including Compressed Biogas (CBG) and biomethane developed through subsidiary Gagas Energi and partnerships such as Renikola. The company also operates supporting digital platforms including SIPGas, DAVID, DIGIO, and PGN Mobile for pipeline monitoring, distribution management, and customer engagement. PGN maintains investment-grade credit ratings (Fitch BBB-, Moody's Baa2) and reports total assets of approximately $6.23 billion with a workforce of 3,322 employees across the PGN Group.

PGN's revenue model is anchored on long-term gas supply and transportation agreements with major industrial offtakers including PLN, Pupuk Indonesia, and Pertamina Hulu Energi, supplemented by volumetric residential and commercial distribution tariffs. FY2025 revenue reached approximately $3.98 billion USD with EBITDA of approximately $971 million, though net income declined to $215.4 million from $339 million in 2024, indicating margin pressure. The company is pursuing diversification into green digital infrastructure (via biomethane supply to PT Telkom data centers), tourism (ITDC Mandalika partnership), and renewable gas product lines to extend its addressable market beyond traditional fossil gas distribution.

Name

Pertamina Gas Negara

Legal name

PT Perusahaan Gas Negara (Persero) Tbkreported

Website

https://pgn.co.id

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pertamina Gas Negara (PGAS) is Indonesia's largest natural gas transmission and distribution company, operating over 33,490 km of pipelines serving 820,000+ residential and 6,000+ industrial, commercial, and UMKM customers as the Gas Sub-Holding of PT Pertamina (Persero).

Ownership category

akta.pro rank

Product category

Natural Gas Distribution

NAICS

Natural Gas Distribution (22121), Natural Gas Distribution (2212), Natural Gas Distribution (221210), Pipeline Transportation of Natural Gas (4862), Pipeline Transportation of Natural Gas (48621), Pipeline Transportation of Natural Gas (486210)

SIC

Natural Gas Distribution (4924), Natural Gas Transmission (4922)

akta.pro primary industry

Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

akta.pro secondary industries

Gas Mains (Distribution Pipelines) (EUAJABAA), Natural Gas Compressor Stations & Metering/Regulation Stations (TLAGAKAD), Natural Gas Compressor Station Operations & Services (TLAGACAD), Service Lines, Connections & Customer Hookups (New Taps) (TLAGADAF), Service Line Maintenance & Repair (Customer Laterals) (EUAJAMAC), CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling) (EUALALAK), Natural Gas Transmission Pipeline Control Centers & Dispatch (Gas Control) (TLAGACAK)

Keywords

• Natural gas distribution
• Gas transmission services
• Piped gas infrastructure
• LNG regasification supply
• Household gas connections

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D

Revenue model

1. Gas Transmission and Distribution: Primary revenue from transmitting and distributing natural gas through pipeline networks across Indonesia. Revenue based on transportation fees charged to shippers and end customers using the network.
2. Natural Gas Trading and Commerce: Trading and selling natural gas to industrial, commercial, and residential customers. Revenue from gas sales contracts with volume-based pricing.
3. LNG and CNG Sales: Sale of liquefied natural gas (LNG) and compressed natural gas (CNG) to customers not connected to pipeline network, including transportation sector and remote industrial users.
4. Infrastructure Services: Pipeline construction, operation, and maintenance services for industrial customers and third-party gas infrastructure.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Pertamina Gas Negara transmits and distributes natural gas through Indonesia's largest pipeline network (33,490+ km) to industrial, commercial, residential, and transportation customers. Its portfolio includes piped gas supply via the transmission and distribution system, LNG and CNG products for off-pipeline customers, the GasKu CNG vehicle fuel, and the PGN Mobile App for customer account management. PGN operates as the Gas Sub-Holding of PT Pertamina (Persero), integrating upstream gas sourcing through midstream pipelines to downstream delivery.

Product overview

PGN operates as an integrated gas energy company providing natural gas transmission and distribution solutions across Indonesia. The company serves three primary customer segments: Business (industrial customers requiring stable gas supply for power generation, heating, and industrial operations), Transportation (via GasKu compressed natural gas fuel for vehicles), and Residential/UMKM (practical gas solutions for cooking and small business needs). PGN manages the nation's largest gas pipeline network spanning over 33,490 km, operates two FSRU facilities (Lampung and West Java) plus an onshore regasification terminal in Arun, and delivers to more than 820,000 household customers and over 6,000 industrial, commercial, and SME customers. The PGN Mobile app provides customers with digital access to manage their energy usage. PGN functions as the Gas Sub-Holding under PT Pertamina (Pertamina), operating across upstream, midstream, and downstream oil and gas sectors.

Differentiator

Problem solved

Functional benefit

Brands

• GasKu: Natural gas fuel solution for transportation, providing cost-effective and environmentally friendly fuel for vehicles.
• PGN Mobile

Products and services

• GasKu PGN's compressed natural gas (CNG) fuel product for the transportation sector, marketed as a cost-effective and environmentally friendly fuel alternative for vehicles and fleet operators. Distributed through BBG supply partnerships including PT Aerotrans.
• PGN Mobile App Mobile application enabling PGN customers to monitor and manage their gas energy usage, pay bills, and request services anytime and anywhere. Available on iOS and Android.
• Natural Gas Distribution Services Integrated natural gas transmission and distribution services for industrial, commercial, and residential customers across Indonesia, serving over 820,000 household customers and more than 6,000 industrial, commercial, and SME customers through over 33,490 km of pipeline network and FSRU / onshore regasification terminals.
• Pipeline Gas Infrastructure Construction and operation of gas pipeline networks and metering equipment by certified professionals, covering consultation, technical evaluation, infrastructure development, and gas distribution services for industrial customers and third-party gas infrastructure projects.

Quantifiable outcome

• Serves over 820,000 residential customers across Indonesia
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

18 partnerships are on record, tiered core, major and minor.

• PT Telkom IndonesiacoreStrategic or Co-development PartnerPartnership for green digital infrastructure development. Collaboration on utilizing biomethane for data center operations as part of sustainable energy solutions for digital infrastructure.
• INPEX MaselacoreTechnology or IntegrationLNG offtake partnership for Abadi LNG project. PGN secured long-term LNG supply through participation in the Abadi LNG development project.
• PT PLN Energi Primer IndonesiacoreChannel Partner/ Reseller/ DistributorLNG offtake agreement for power sector supply. PGN supplies LNG to PT PLN Energi Primer Indonesia for electricity generation.
• Shell Eastern TradingcoreChannel Partner/ Reseller/ DistributorLNG offtake partnership for diversified gas supply portfolio. Long-term LNG supply arrangement for meeting customer demand.
• PT Pupuk IndonesiamajorChannel Partner/ Reseller/ DistributorLNG offtake agreement for fertilizer industry supply. Natural gas supply for fertilizer manufacturing operations.
• BPcoreChannel Partner/ Reseller/ DistributorLNG offtake partnership for global gas supply portfolio. Secured LNG supply from BP's global portfolio for Indonesian market.
• PT Pertamina Hulu EnergicoreStrategic or Co-development PartnerStrategic partnership in Abadi LNG project as part of PT Pertamina subholding gas business. Joint development of LNG project for domestic and export markets.
• PETRONAS MaselacoreTechnology or IntegrationPartnership in Abadi LNG project development and operations. Collaboration on Masela block LNG production and marketing.
• Criterium Energy LtdminorStrategic or Co-development PartnerGas sales agreement for exploration and development cooperation. Partnership for gas supply and exploration activities.
• PT Dredolf IndonesiaminorImplementation/ SI/ Consulting PartnerPipeline construction contract for infrastructure development. Construction services for pipeline installation and expansion projects.
• PT Gagas Energi IndonesiacoreStrategic or Co-development PartnerSubsidiary focused on Compressed Biogas (CBG) development and distribution. PGN subsidiary developing renewable gas business through biogas production and marketing.
• PT Renikola Primer EnergiminorChannel Partner/ Reseller/ DistributorCBG development partnership for renewable gas supply. Cooperation in developing compressed biogas from palm oil waste.
• KISminorChannel Partner/ Reseller/ DistributorBio-CNG offtake partnership for renewable energy distribution. Agreement for purchasing and distributing bio-compressed natural gas.
• PT Bina PitriminorChannel Partner/ Reseller/ DistributorBio-CNG offtake partnership for sustainable energy solutions. Supply arrangement for bio-natural gas distribution.
• Dart EnergyminorStrategic or Co-development PartnerCoal Bed Methane (CBM) cooperation for unconventional gas resources. Technical collaboration for CBM exploration and development.
• Mubadala EnergymajorStrategic or Co-development PartnerGas supply exploration partnership for upstream gas development. Cooperation on natural gas exploration and production activities.
• PT AerotransminorChannel Partner/ Reseller/ DistributorBBG (BBM Bersih/Compressed Natural Gas) for transportation sector. Supply partnership for natural gas vehicle fuel distribution.
• ITDC (Indonesia Tourism Development Corporation)minorStrategic or Co-development PartnerJargas development partnership in tourism areas. Pipeline gas infrastructure development for tourism destinations including Mandalika SEZ.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• ENN Energy Holdings: One of China's largest privately-held natural gas distributors serving industrial, commercial, and residential customers via city-gate pipelines. Closely comparable to PGN in operating model, customer mix, and pipeline-based gas distribution economics.
• China Gas Holdings: Major piped natural gas distributor in China with millions of residential and industrial connections. Highly comparable to PGN in pipeline infrastructure-led growth, residential connection program, and integrated city gas business.
• Hong Kong and China Gas (Towngas): Vertically integrated gas utility with extensive pipeline distribution in Hong Kong and mainland China, serving residential, commercial, and industrial customers. Comparable diversified gas distribution and energy services model.
• Tokyo Gas Co., Ltd. Japan's largest city gas utility serving millions of residential and business customers via pipeline networks. Comparable regulated-utility gas distribution business with similar industrial/commercial/residential segmentation.
• Osaka Gas Co., Ltd. Major Japanese gas utility with pipeline distribution, LNG procurement, and integrated energy solutions. Comparable in its integrated gas value chain from supply procurement to household delivery.
• Atmos Energy Corporation: US natural gas distribution utility serving millions of customers across regulated service territories. Comparable pipeline-based distribution to residential, commercial, and industrial customers under regulated utility economics.
• Spire Inc. US natural gas distribution utility serving residential, commercial, and industrial customers via pipeline networks. Comparable pure-play regulated gas distribution business model with similar customer segment economics.
• New Jersey Resources: US natural gas distribution and clean energy services company serving regulated residential, commercial, and industrial customers. Comparable mid-cap utility business model with growing clean/renewable energy ventures alongside core gas distribution.

Broad incumbents

• Sempra Energy: US-based energy infrastructure holding with regulated natural gas utilities (SoCalGas) and LNG export operations. Comparable integrated gas distribution and LNG infrastructure, though operates at larger scale across multiple geographies.

Regional players

• PT Medco Energi Internasional: Indonesian integrated energy company with upstream oil & gas and power generation. Operates in the same Indonesian market but focuses on exploration and production rather than midstream/downstream distribution, making it adjacent rather than directly competing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/gas_negara?lang=en&mx=2
• YouTubeyoutube.com/channel/UC9KAsjWek27hCNttej5KWMw
• Facebookfacebook.com/pgn.co.id
• TikToktiktok.com/@gas_negara
• LinkedInlinkedin.com/company/pt-perusahaan-gas-negara-tbk

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pertamina Gas Negara