PGN Prepares CAPEX of 353 Million USD for 2026

PT Perusahaan Gas Negara (Persero) Tbk (PGN), as Pertamina’s Gas Sub-Holding, has allocated capital expenditure (CAPEX) of 353 million USD for 2026, an increase of around 14% compared to 2025. This allocation is intended to strengthen the development of integrated natural gas infrastructure and support national energy resilience, while optimising the role of natural gas as a transition energy. PGN President Director Arief Kurnia Risdianto stated that the company’s strategy for 2026 will focus on integrated, credible, and sustainable growth. “PGN’s strategic direction for 2026 is focused on strengthening operations, consolidating the business portfolio, and selectively expanding value-added businesses. All of this is balanced with disciplined financial strategies and full commitment to implementing Health, Safety, Security, and Environment (HSSE) aspects in every line,” said Arief on 9 March 2026. As an effort to bring more accessible and reliable energy to the public and industrial customers, PGN has allocated CAPEX of 219 million USD for the development of transmission and distribution infrastructure, both pipelines and beyond pipelines such as Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG). Several priority projects include customer attachments, expansion of household gas networks (jargas) in Sumatra and Java regions, construction of the Tegal–Cilacap Pipeline and extension of the Sei Mangkei Pipeline, as well as the development of a regasification terminal in East Java. On the other hand, PGN is also continuing the development of low-carbon businesses as a long-term growth engine, including biomethane initiatives. Meanwhile, on the upstream side, PGN has allocated CAPEX of 134 million USD to optimise exploration performance and increase oil and gas lifting. The main programmes include drilling activities in the Pangkah Working Area (WK), Ketapang, and Fasken, extension of the cooperation contract (KKKS) in the Pangkah WK, as well as the implementation of 3D seismic surveys and processing. “To ensure the achievement of operational performance targets, we are strengthening HSSE aspects with a Zero Accident target. Meanwhile, for sustainability commitments, we are targeting a reduction of 35,000 tonnes of CO2 equivalent emissions,” emphasised Arief. Collaboration with stakeholders is key to facing energy market dynamics and fluctuations. PGN continues to strengthen synergy with all key stakeholders to maintain transparency, alignment of understanding regarding market expectations, and the company’s future business prospects. With a strong synergy foundation, PGN is optimistic about remaining adaptive and competitive in facing the increasingly dynamic energy industry challenges.