PT Perusahaan Gas Negara Tbk : PGAS Operational Highlight April 2021

PGAS:IJ

PT Perusahaan Gas Negara Tbk

May 24, 2021

PT Perusahaan Gas Negara Tbk. (IDX: PGAS) today announces key operating performance updates ended April 30, 2021, as follows:

	YTD Performance
	+4%			-8%
			0%		-8%
			Transmission (MMSCFD)
Distribution (BBTUD)	862	898	894-930	1,332	1,225	1,333-1,387
	Apr. Apr. FY21		Apr. Apr. FY21

'20 '21 Target

'20 '21Target

Upstream Lifting (BOEPD)

				-20%
+4%	26,603-25,507	-17%	103	82	54-52	ProcessingLPG (TPD)
20,476	21,267	Regasification(BBTUD)
						+58%
Apr. Apr.FY21		Apr. Apr. FY21

'20 '21Target

'20 '21Target

		-26%	(BOPD)			-69%
-8%
	TransportationOil			30,137-31,507
127	117	159-164	10,174	9,361
				-8%
Apr. Apr. FY21		Apr. Apr. FY21

'20 '21Target

'20 '21Target

MoM Performance
Volumes	Mar.	Apr.	MoM	Remarks
2021	2021	(%)
					1. Distribution volume breakdown on a MoM basis
Distribution					• PGN = 832 MMSCFD (Mar. '21) vs.785 MMSCFD (Apr. '21);
912	843	-7.56	• Gagas = 6 MMSCFD (Mar. '21) vs. 6 MMSCFD (Apr. '21.);
(BBTUD)
				• Pertagas = 74 MMSCFD (Mar. '21) vs. 52 MMSCFD (Apr.
					'21)

Transmission (MMSCFD)

			Breakdown of transmission volume on a MoM basis is as
			follow:
1,235	1,268	2.67	• PGN = 3 MMSCFD (Mar. '21) vs. 2 MMSCFD (Apr. '21);
• Pertagas = 1,209 MMSCFD (Mar. '21 ) vs. 1,236 MMSCFD

(Apr. '21)

• KJG = 23 MMSCFD (Mar. '21) vs. 31 MMSCFD (Apr. '21)

Regasification (BBTUD)

LPG Processing (TPD)

82	73	-10.97

115 103 -10.43

Lower regasification volume on a MoM basis was primarily due to stronger gas demand from PLN.

The volume breakdown per LPG plant on a MoM basis is as follow:

• LPG Pondok Tengah = 0 TPD (Mar. '21) vs. 0 TPD (Apr. '21);
• LPG MKS = 115 TPD (Mar. '21) vs. 103 TPD (Apr. '21)

Oil Transportation (BOPD)

			Higher oil delivery on a MoM basis from Pertamina EP field in
9,200	9,916	7.78	Central Ramba, South Sumatra to Plaju refinery unit in South
			Sumatra.

O&G Performance

Details of of our oil and gas for the period of YTD-April 2021 amounted to 21,267 BOEPD with details as follow:

Blocks	YTD-Mar. '21 (BOEPD)	YTD-Apr. '21 (BOEPD)	(%)
Pangkah	3,876	4,647	19.89
Fasken	5,119	8,370	63.50
Ketapang	824	1,036	25.72
Muriah	1,849	2,355	27.36
Bangkanai	982	1,015	3.36
Muara Bakau	4,576	3,844	-15.99

Capex (US$ Million)

Capex details during the period of YTD-Mar. 2021* are as follow:

Business Segments	Target FY21	YTD-Mar. '21		Notes
Capex	(US$ Million)	(US$ Million)
				•	Rokan oil transmission pipelines with partial target
					commercial operation in 3Q21;
Gas pipeline	160 - 197	30	•	Gresik-to-Semarang gas transmission pipeline with
transportation		target commercial operation in 4Q21
				•	Senipah oil refinery gas pipeline development with
					target commercial operation in 1Q23
				•	Gas pipeline expansion projects to residential
Gas Commercial	147 - 180	2		customers
• Gas pipeline expansion projects to PGN's and
					Pertagas' industrial customers
				•	Pangkah oil & gas block development project
					including West Pangkah and Sidayu fields.
Portfolio	63 - 83	7	•	Muara Bakau oil & gas block development project
				•	Bangkanai and West Bangkanai oil & gas blocks
					development
				•	Internet infrastructure development to residential
Services	43 - 63	0		customers
•	Telecommunication infrastructure development
				•	Construction as well as O&M services
				•	LNG regasification terminal infrastructure
Storage	35	- 44	1		development
• LNG refuelling facility in Bontang
				•	Wet calibration metering system facility in Lampung.
				'•	LNG infrastructure development in East Java;
Non-gas pipeline	42 - 53	0	•	Ministerial Decree of MEMR Nomor 13 Year 2020 in
transportation		relations to convert more than PLN's 50 power
					plants situated mostly in Easttern part of Indonesia.
TOTAL	490 - 620	40

*Note: YTD-Apr. '21 capex yet to be determined

Business Updates

1. Details of gas sales to seven selected industrial sector by PGN in Apr. '21 in accordance with MEMR Decree Number

1. Year 2020 are as follow:
   PGN

INDUSTRIAL	TOTAL GAS ALLOCATION		VOLUMES (BBTUD)
UNDER MEMR DECREE
CUSTOMER TYPES	JAN. '21	FEB. '21	MAR. '21 APR. '21* AVG. '21
(BBTUD)
Steel	53	28	31	28	34	30
Glass	16	11	12	12	12	12
Sheet Glass	35	30	31	30	29	30
Ceramics	96	66	68	66	65	66
Oleochemical	31	23	26	26	25	25
Petrochemical	76	65	66	60	61	63
Fertilizer	0	19	17	18	18	18
Rubber Glove	1.2	1.2	1.3	1.2	1.2	1.2
TOTAL	309	242	252	241	247	245

• Apr. '21 gas sales volumes are subject to change
  Pertagas

INDUSTRIAL	TOTAL GAS		VOLUMES (BBTUD)
CUSTOMER	ALLOCATION UNDER
JAN. '21	FEB. '21 MAR. '21* APR. '21* AVG. '21
TYPES	MEMR DECREE (BBTUD)
Steel	2.00	2.1	1.8	1.8	1.0	1.7
Petrochemical	3.30	0.4	0.4	0.3	0.2	0.3
Ceramics	2.40	2.5	2.4	2.4	1.8	2.3
Oleochemical	2.50	2.6	2.7	2.7	2.2	2.6
Fertilizer	43.00	35.3	44.3	32.4	8.2	30.0
Total	53.00	43	52.0	40.0	13.0	37.0

* Apr. '21 gas sales volumes are subject to change

2. Details of gas sales to PLN's power plants during YTD-Apr. '21 period in accordance with MEMR Decree Number 91 Year 2020 are as follow:

	TOTAL GAS		VOLUMES (BBTUD)
PLN POWER PLANTS	ALLOCATION
JAN. '21 FEB. '21 MAR. '21 APR. '21* AVG. '21
	UNDER MEMR
PLN Cilegon		33	39	36	31	35
PLN Tjg. Priok		67	67	76	67	69
PLN Muara Tawar		47	39	38	28	38
PLN Muara Karang		44.4	35	33.9	30	36
PLN Talang Duku	315	0	0	0	0	0
PLTMG Sutami -30 MW	2	2	2	2	2
PLTMG Tarahan - 30 MW		0	0	0	0	0
PLTG/MG MPP New Tarahan - 100 MW		11	13	13	10	11
PLN Batam (Multidestinasi)		36	38	39	38	38
Energi Listrik Batam		3	3	3	3	3
TOTAL	315	244	235	242	208	232

3. Breakdown of gas sales per industrial sector in April 2021 on a Month-on-Month basis as follow (PGN stand- alone):

INDUSTRIAL SECTORS		VOLUMES (in BBTUD)
	JAN. '21	FEB. '21	MAR. '21	APR. '21
Food	72	77	76	76
Textile	13	14	14	13
Wood	0	0	0	0
Paper	37	39	37	34
Chemical	149	149	145	147
Ceramic	77	81	76	76
Glass	42	44	43	42
Cement	3	3	3	3
Basic Metal	30	32	30	33
Fabricated Metal	43	47	47	49
Others	24	26	25	26
Power Plant	321	317	330	278
CNG	5	5	5	6
Lifting Oil	2	2	2	2
TOTAL	820	838	833	786

For further information please contact:

Investor Relations

PT Perusahaan Gas Negara Tbk

Mid Tower Manhattan 26th Floor

Jl. TB Simatupang Kav. 1-S, Jakarta, Indonesia

Email:[e-mail]

Phone: [phone]

Business Updates (cont'd)