Indonesia’s energy firm Pertamina secures deals from BGN & Elite Tankship

By Arya M Nair, Official Reporter
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PIS secures deals from BNG_Elite Tankship
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PT Pertamina International Shipping (PIS), an Integrated Marine Logistics Subholding based in Indonesia, has secured two collaboration agreements with global partners.

PIS signed a Heads of Agreement (HoA) with Dubai-based leading energy company, BGN International DMCC (BGN), and a Memorandum of Collaboration (MoC) with Singapore-headquartered Elite Tankship Pte Ltd (Elite Tankship).

The HoA with BGN was signed by the CEO of BGN Group, Mr. Ruya Bayegan, and the CEO of PIS, Mr. Yoki Firnandi. The agreement addresses a Joint Venture (JV) establishment by the two companies for the acquisition, maintenance, and operation of Very Large Gas Carriers (VLGC) vessels and other types of vessels.

BGN is one of the world’s largest Liquified Petroleum Gas (LPG) trading companies and the largest LPG importer in Indonesia. “The VLGC business will support BGN’s imports of Pertamina’s LPG. At some point, it might endorse the cargo market of ammonia,” said the Commercial Director of PIS, Mr. Arief Sukmara.

The MoC with Elite Tankship addresses Clean Petroleum Products (CPP), Dirty Petroleum Products (DPP), gas and other commodities needed in the Middle East, and other areas covered by the parties. The MoC was signed by Elite Tankship, CEO of Mr. Mangish Kakodkar, and PIS Director of Operations and Singapore Managing Director of Mr. Brilian Perdana.

Elite Tankship established collaboration with PIS in chartering the VLCC Pertamina Prime, the largest owned vessel and the company’s pride, in May 2022 for a six-year contract period.

PIS supports Indonesia’s economic growth through safe and sustainable operation, becoming a trusted and reliable maritime partner, and promoting value for stakeholders through running its businesses.

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