NuEnergy Gas Limited (ASX:NGY)(“NuEnergy”) is pleased to announce it has executed a Memorandum Of Understanding (“MOU”) with PT Pertamina Gas (“Pertamina Gas”) to investigate the supply of coal bed methane (“CBM”) gas from Tanjung Enim Production Sharing Contract (“PSC”) to Pertamina Gas for distribution to consumers in Sumatra.
Pertamina Gas is a subsidiary of PT Pertamina, a state owned oil and gas conglomerate and one of our joint venture partners for the Tanjung Enim PSC. Pertamina Gas has a focus in midstream and downstream gas industry of Indonesia with its primary activity in trading, transportation, processing and distribution and other businesses related to natural gas and their associated products.
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