Dear PGAS shareholders, investors and analysts,
A meeting was held today (
March
30,
2010) in the Ministry of Industries between the Ministries Officials, Industry
Associations and PGN led by the Director General of Agro and Chemical
Industries and attended by the Director General of Metal Industries,
Machineries and Textile. The meeting was then closed by Mr. Moch. S. Hidayat,
the Minister of Industries
.
In the occasion, the Industry Associations and PGN come into agreement on the
adjustment of gas sales price, the application of surcharge and guarantee of
payment. For the industrial and commercial customers in West Java Area, the
terms are as follows.
a. Gas selling price for customers using more than 300,000 m3/month is
US$4,30/MMBTU+Rp750/m3 or equivalent to approximately US$6,37 /MMBTU
(US$1=Rp9,400)b. Application of surcharge amounting to 300% for the volume
exceeding maximum contractc. Payment guarantee to cover 2 months worth of gas
usage for all customers
Starting from April 1, 2010 PGN will start new gas pricing for all industrial
and commercial customers. The adjustment is in accordance to the location of
the customers and the monthly gas utilization.
In average on a nationwide bases the gas prices for customers utilizing more
than 300,000 m3/months will become US$4,30/MMBTU + Rp743/m3 or equivalent to
approximately US$6,36/MMBTU (US$1=Rp9,400). Detailed gas prices have been
communicated to customers in all locations.
Regards,
Investor Relations
PT Perusahaan Gas Negara (Persero) Tbk
ph:
+62.21.6334838 ext 1426, 1427, 1428
email:
investor.relati...@pgn.co.id
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