{
    "success": true,
    "data": {
        "id": 1754737,
        "msgid": "pgn-to-secure-lng-supply-from-abadi-lng-project-masela-block-1779542701",
        "date": "2026-05-21 15:20:00",
        "title": "PGN to Secure LNG Supply from Abadi LNG Project, Masela Block",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "PGN signs in-principle terms with Inpex to secure LNG and natural gas from the Abadi LNG Project, Masela Block, marking a step towards a binding SPA. The agreement strengthens Pertamina Holding\u2019s downstream-upstream synergy and aligns with government aims to maximise domestic resources and support Indonesia\u2019s energy transition through gas.",
        "content": "<p>Jakarta, CNBC Indonesia - PT Perusahaan Gas Negara (Persero) Tbk\n(PGN), as Pertamina\u2019s Gas Sub-holding, has officially agreed in\nprinciple on the main commercial terms with Inpex Corporation (Inpex)\nregarding the off-take of LNG and natural gas from the Abadi LNG\nProject, Masela Block. The strategic agreement was signed at the\nIndonesian Petroleum Association Convention and Exhibition (IPA Convex)\n2026 held in Jakarta on 20 May 2026. \u2018This collaboration is part of\nPGN\u2019s real commitment to optimise utilisation of domestic gas resources\nfor customers, and also as part of the Pertamina Group in its role to\nmeet energy needs and underpin national energy security,\u2019 said PGN\nPresident Director Arief K. Risdianto, quoted on Thursday 21 May 2026.\nThrough this agreement, PGN and Inpex as operator of Masela Block,\ntogether with joint venture partners PT Pertamina Hulu Energi (PHE) and\nPetronas Masela Sdn. Bhd., will advance this cooperation to the stage of\na Sale and Purchase Agreement (SPA) binding for LNG and natural gas\nsupplies. PGN\u2019s role as a domestic buyer not only accelerates the Abadi\nLNG project towards Final Investment Decision, but also creates a strong\ninternal synergy within Pertamina\u2019s Oil and Gas Holding, where PHE acts\non the upstream side and PGN secures the downstream side. This\nupstream-downstream synergy ensures Indonesia\u2019s domestic energy\nresources can be enjoyed directly in an optimal manner by society and\nnational industry. This step is also aligned with the Indonesian\ngovernment\u2019s policy to maximise utilisation of domestic natural\nresources to support economic growth, as well as addressing energy\ntransition challenges by utilising natural gas as a transition energy\nthat is more environmentally friendly. With the Masela Block gas\nreserves being very large, this cooperation is projected to maintain the\nstability of Indonesia\u2019s clean energy supply in the long term, while\nalso strengthening Pertamina Group\u2019s position as a pillar of national\nenergy security.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pgn-to-secure-lng-supply-from-abadi-lng-project-masela-block-1779542701",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}