From the revenue in 2022, Nusantara Regas earned a net profit of US$26.06 million (unaudited).
"We are grateful that in 2022, the achievement of NR has exceeded the KPI (key performance indicator) target. NR is committed to always be ready to contribute and be relied on in the future to fulfill energy needs," Nusantara Regas President Director Harry Budi Sidharta noted in an official statement received in Jakarta, Friday.
Nusantara Regas revealed that the positive performance was supported by the main business in receiving, storing, and regasifying LNG through the Floating Storage Regasification Unit (FSRU) in Jakarta Bay and the Onshore Receiving Facilities (ORF) in Muara Karang, Jakarta.
The gas is intended to fulfill 60 percent of the energy needs of the State Electricity Company (PLN) power plant in Jakarta and West Java.
Sidharta further elaborated on Nusantara Regas' business development plans for 2023. Nusantara Regas plans to realize new business developments in the Jakarta, West Java, and Papua regions while continuing to utilize LNG. The business expansion efforts are aimed at meeting the demand for natural gas energy in Indonesia.
"NR, as part of Pertamina's Gas Subholding, is ready to continue the trend of positive performance. Business expansion to Papua is expected to support the acceleration of natural gas utilization in Indonesia. In particular, the use of natural gas in power plants can reduce fuel subsidies and encourage the use of energy that is more environmentally friendly," Sidharta stated.
Meanwhile, the Board of Commissioners of Nusantara Regas also expressed its commitment to continuing to support Nusantara Regas' business development.
"One of the keys to a sustainable business is fostering good relations with stakeholders, innovating business schemes to create new opportunities for business continuity," President Commissioner of Nusantara Regas Heru Setiawan stated.
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Translator: Benardy Ferdiansyah, Cindy Frishanti Octavia
Editor: Azis Kurmala
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