PGN Responds to Gunvor Arbitration Claim

PT Perusahaan Gas Negara Tbk (PGAS) has announced that it has received an arbitration award relating to a claim filed by Gunvor Singapore Pte. Ltd. The award was issued by an arbitral tribunal in proceedings conducted through the London Court of International Arbitration (LCIA).

According to a disclosure to the Indonesia Stock Exchange (IDX), PGAS obtained information about the award on 26 August 2026. In the partial award, PGN has been ordered to pay compensation to Gunvor in connection with the legal dispute.

The company is currently conducting a thorough review of the arbitration award, which remains partial in nature, including its implications for the company. Management stated that the arbitration award requires an enforcement process through the district courts in Indonesia in accordance with applicable laws and regulations.

Management said it is making its best efforts to handle the matter and will take further legal steps as deemed necessary and appropriate, taking into account the best interests of the company and the principles of good corporate governance.