Collaboration with Japanese Companies in the Natural Gas Business for Industry in the Republic of Indonesia.
[Jakarta, Monday 22 July 2024]
PT Bayu Buana Gemilang (BBG) is a private gas distributor company in Indonesia. Since its operations began in 2003 until now, BBG has distributed natural gas supplies via pipeline, especially in industrial areas in Bekasi, Cikarang, Cibitung, and industrial areas in Gresik Regency, East Java. BBG is also known for its stable gas supply.
At the beginning of the third quarter of 2024, 45% share ownership in BBG was acquired by Sakura Indonesia Energy Co., Ltd. (SAKURA) a joint company established by LNG Japan Corporation (LNG Japan) and Toho Gas Co., Ltd. (Toho Gas). Where LNG Japan is a 50/50 joint venture between two leading Japanese trading companies, Sumitomo Corporation and Sojitz Corporation with more than 50 years of experience in upstream development, financing, marketing, trading and shipping in the global LNG industry. Meanwhile, Toho Gas, established over 100 years ago, is a provider of natural gas and electricity to industrial and residential sectors, with a supply volume of approximately 330 mmsfd (3,370 million m3/year) to 3 million customers. With the joint acquisition between the two countries, it is aimed that it will open a wider market in the distribution of natural gas for industry in Indonesia.
With the entry of SAKURA, it further strengthens BBG’s goal of introducing the use of natural gas fuel with a stable, environmentally friendly energy supply and is expected to contribute to Indonesia’s development, as well as supporting the realization of the government’s commitment to “Net Zero Emission” by 2060, the use of natural gas energy is expected to play a big role in reducing CO2 exhaust gases in Indonesia. Thus, it is hoped that this strategic partnership can accelerate BBG’s commitment to becoming the best and leading national private gas trading company in Indonesia.
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