BGN Acquires 2 VLGCs for LPG, Ammonia Transport
In October 2023, BGN signed an agreement with PIS to collaborate on gas vessel transportation, in a move that the company said reinforced its position as an emerging maritime asset owner and a significant LPG trader.
“BGN’s collaboration with Pertamina International Shipping will further enhance our maritime fleet to facilitate our growing energy trading business, cementing our position as a significant LPG trader, as well as supporting the Indonesian energy system”.
“The collaboration on VLGC and LPG cargo businesses with BGN is a tangible expression of PIS’s commitment to expand LPG commodity businesses and increase PIS’s share in its non-captive market, to strengthen national energy security”, PIS CEO Yoko Firnandi said.