Pertamina signed the LPG and Sulfur Sales Confirmation Agreement which ensures Pertamina gets a supply of LPG and Sulfur from the Abu Dhabi National Oil Company (ADNOC).
The signing was carried out by Vice President Trading & Other Business Sub Holding Commercial & Trading (SH C&T) PT Pertamina (Persero), Maya Kusmaya with ADNOC Senior President International Relations, Salem Al Meheiri in the Indonesia Business Forum - Emirates Amazing Week (IAEW) activity and witnessed directly by the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan and the Minister of Energy and Infrastructure of the United Arab Emirates (PEA), Suhail Al Mazroeui.
National LPG demand in 2022 is estimated to reach 8.30 million tons, increasing to 9.12 million tons in 2023, and 10.01 million tons in 2024. Director of Central Marketing and Commerce PT Pertamina Patra Niaga, SH C and T PT Pertamina (Persero), On the same occasion, Hasto Wibowo said that this collaboration ensures the safety of the national LPG supply which is projected to continue to increase every year.
"Currently, the balance of national LPG import needs reaches 6 million tons per year. We hope that with this cooperation Pertamina can expand supply sources and maintain supply stability," said Hasto.
Hasto added, it is possible for this agreement to be extended every year, while still being evaluated before the agreement ends.
"This collaboration is one of the procurement strategies for bundling LPG and petrochemical products that are purchased directly from the producer. It is hoped that this collaboration can create long-term collaboration opportunities for LPG and petrochemical products by of course still paying attention to developments in the petrochemical business and referring to the national energy mix policy as stated in the RUEN, "added Hasto.
Meanwhile, ADNOC Senior President International Relations, Salem Raheb Al Meheiri, welcomed the strategic partnership with Pertamina.
"As one of the largest producers of LPG, crude oil, and petrochemicals in the world, ADNOC guarantees that it will supply products reliably to Indonesia," he explained.
The Indonesian Ambassador to PEA, Husin Bagis also positively welcomed the signing by Pertamina and ADNOC.
"From the Embassy of the Republic of Indonesia, we hope that the realization of this cooperation in the field of LPG and Sulfur supply can open up opportunities for other collaborations such as petrochemicals and other downstream industries in the future," he concluded.
Duta Masyarakat, Page-6, Monday, March 8, 2021
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