PT Perusahaan Gas Negara (PGN), whose net profit reached $370.05 million in the first half of this year, is planning to make a $500 million investment to finalize the floating storage regasification unit (FSRU) in Lampung.
The investment will also include the gas pipeline in Central Java, according to company’s director Wahid Sutopo , reports Reuters.
Although the net profit fell 19% compared to $457.5 million the previous year, the company’s revenue rose 14% to 1.7 billion. The company already spent $800 million up to September.
LNG World News Staff, September 5, 2014; Image: Hoegh LNG