Business

Economy in brief: Pertamina
opens its first gas-filling
station

JAKARTA: State-owned oil and gas firm PT Pertamina has officially begun operating its first company-owned, company-operated (COCO) gas-filling (SPBG) station in Jakarta.

Pertamina’s president director Karen Agustiawan said on Tuesday that the gas station, which was built with an investment of up to US$3.7 million, was expected to meet the needs of public transportation vehicles and private cars.

 “I hope the SPBG will give a satisfactory service to the Transjakarta buses, public minivans, cabs, bajaj [three-wheeled taxis] and private vehicles,” she said in an emailed statement.

The gas station, located in Daan Mogot, West Jakarta, will be able to distribute 1 million standard cubic feet per day (mmscfd) of gas or 30,000 LSP (Premium gasoline liter equivalent). It began its initial operations on Monday. Premium, a government-subsidized fossil-based fuel largely used by public and private vehicles, is sold at Rp 4,500 (49 US cents), the cheapest in Southeast Asia.

In Indonesia, compressed natural gas (CNG), locally known as BBG, which is used for public transportation, is sold at around Rp 3,100 per LSP, while liquefied gas for vehicles (LGV), consumed by private cars, is sold at Rp 3,600 per LSP.

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