Bakrie unit to supply pipes to PGN

Bakrie unit to supply pipes to PGN

JAKARTA: A unit of Indonesia's PT Bakrie & Brothers and a partner will supply as much as 53,000 metric tons of pipe valued at US$84 million to state gas distributor PT Perusahaan Gas Negara (PGN) by May.

PT South East Asia Pipe Industries, a unit of Bakrie & Brothers, will supply four-fifths of the 53,000 tons of undersea pipe that will be used to connect Lampung and West Java provinces, said the unit's President Abas F. Soeriawidjaja in a phone interview in Jakarta.

The remaining pipe will be supplied by a Bakrie partner. Bakrie's South East Asia Pipe Industries has the capacity to make 150,000 tons of pipe a year.

The company supplies pipe to state oil company PT Pertamina and ConocoPhillips in Indonesia. -- Bloomberg