Monday, December 9, 2019

NYK, Pertamina Ink Energy Transport MOU

November 25, 2019

From left, Gandhi Sriwidodo, Logistic, Supply Chain and Infrastructure director, Pertamina; Akira Kono, managing corporate officer and chief executive of NYK’s Energy Division, NYK; Tafkir Husni, president director, PIS. Photo: NYK

As demand for energy transportation, especially liquefied natural gas (LNG), is expected to increase in Indonesia, NYK and PT Pertamina International Shipping (PIS), a wholly owned subsidiary of PT Pertamina (Persero) agreed to a memorandum of understanding (MoU) for energy transportation.

The framework of the deal sees Pertamina, the largest oil and natural gas corporation in the state, and NYK in a strategic partners in energy transportation and covers ownership and management. The companies have already started discussions concerning a detailed joint business, particularly involving the ownership and management of LNG carriers as exclusive partners.

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