The Floating Storage’s Sinking Business

An audit by the BPK reveals that Perusahaan Gas Negara or PGN suffers losses from operating the Lampung FSRU. The BPK and the SOEs Ministry report it to the authorities.

Retno Sulistyowati

July 24, 2023

THERE was a letter on the desk of PGN LNG Indonesia (PLI) Chief Executive Officer (CEO) Nofrizal on Tuesday, May 30. It was from M. Haryo Yunianto, the CEO of Perusahaan Gas Negara (PGN). In the letter, PGN as the PLI shareholder instructed Nofrizal and PLI directors to immediately deal with the results of an audit by the Supreme Audit Agency (BPK), which revealed losses in the Lampung floating storage regasification unit (FSRU) project. “T

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