OREANDA-NEWS. Tokyo Gas Co., Ltd. and PT Pertamina (Persero), the Indonesian state-owned oil and gas enterprise, signed a Memorandum of Understanding towards forming a strategic alliance ("MOU").

Power and industrial energy demand are expanding rapidly in Indonesia as the country's economy grows strongly. Against this background, demand for LNG and natural gas is rising too. Until today, Pertamina and Tokyo Gas have been nurturing good relationship in the sales and purchase of LNG.

This time, the two companies decided to sign the MOU to cooperate throughout the LNG and natural gas value chain of Indonesia.

The two companies will consider collaboration in a wide range of areas throughout the LNG and natural gas value chain, from LNG procurement to demand development of LNG and natural gas, towards the establishment of a strategic alliance.

The Tokyo Gas Group will continue to utilize its technologies and expertise in total energy businesses on behalf of customers operating in Southeast Asia and North America, helping them with energy solutions, while engaging in local infrastructure development. The Group is also taking up the challenge of value chain development in each region, including through partnerships with local energy companies.