The Company Journey
" PT Isar Gas has several subsidiary companies that focus on gas trading. The owner started to do business by establish PT Inti Alasindo as a supplier of sport shoes and apparel to Europe. Then, it diversified the business into energy sector i.e., Gas Trader in 2003, established a company that sell and distribute gas in the Province of Banten."
PT Inti Alasindo (IA) established PT Banten Inti Gasindo (BIG) to started gas trading business in Banten area, western side of Java. Operation started in January 2005.
PT Java Gas Indonesia (JGI) started to supply a natural gas in East Java on June 2012 from Kangean Energy Indonesia Limited (formerly EMP Kangean).
IA’s established another gas trading entity in East Java, PT Inti Alasindo Energy (IAE), and appointed as one of the buyer for gas contract from Husky CNOOC Madura Limited (HCML) in 2007 over 20 years period.
IA’s acquired PT Surya Cipta Internusa (SCI) in 2008 which already have a contract for 9 years period and operated June 2012. Another gas trading entity was established by IA’s still in East Java area. PT Alas Energy Indonesia (AEI) was successfully appointed as a gas buyer in 2009 produced by Pertamina Hulu Energy West Madura Offshore (PHE WMO) for 14 BBTUD for 10 years contract period. It’s operated by March 2011.To pursue other potential areas, IA’s established a gas trading entity for Batam area in Riau Island Province, PT Inti Daya Latu Prima (IDLP) and was appointed as a gas buyer for 9 years period from JOB Pertamina –Talisman Jambi Merang.
The Internal shareholders meeting in 2009 decided that in further growing the gas business, all of the existing gas trading entities are now managed by PT Isar Gas which act as the Holding Entity.
Based on Government Regulation Number 06/2016 regarding multilevel traders, Isargas merged three of subsidiaries business entity in the East Java area, JGI and SCI into IAE which act as the Holding Entity.
“PT Isar Gas total current contracts in Indonesia are one of the biggest volume for a private gas trading entity in Indonesia. All of these contracts have been achieved through rigorous due diligence process to meet the requirements from some gas suppliers that are international companies and strict gas allocation procedures of SKK MIGAS.“