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Pertamina

Pertamina is Indonesia's largest state-owned enterprise (SOE) in terms of revenue and income. The company is active in the upstream and downstream sectors of the oil and gas industry. The upstream sector covers the exploration and production of oil, gas and geothermal energy, while its downstream activities cover processing, marketing, trading and shipping.

Opportunity

The Indonesian government saw the opportunity to use propane as a source of clean fuel for domestic use among its local population, initiating the replacement of kerosene with LPG. The success of this strategy depended on the availability of modern gas carriers to transport the LPG, but no vessels with sufficient capacity, and that also complied with cabotage trade requirements, were available.

Solution

In partnership with Pertamina, we engaged substantial resources in developing a framework enabling us to contract three of our vessels under the Indonesian flag. Cabotage requirements were therefore met, and Indonesian domestic demand for LPG is now being satisfied through an efficient and reliable seaborne supply.

About the vessel used

aries
global
pluto