PT Perusahaan Gas Negara Tbk : PGAS Operational Highlight January 2021

February 19, 2021

PGAS:IJ

PT Perusahaan Gas Negara Tbk

PT Perusahaan Gas Negara Tbk. (IDX: PGAS) today announces key operating performance updates ended January 31, 2021, as follows:

YTD Performance

Distribution(BBTUD)

Jan-20

Jan- FY21 21 Target

Transmission(MMSCFD)

Jan. 20

Jan. FY21 21 Target

UpstreamLifting(BOEPD)

Jan- Jan- FY21 20 21 Target

Regasification (BBTUD)

LPGProcessing(TPD)

OilTransportation(BOPD)

9,716

8,782

Jan-20

Jan- FY21 21 TargetJan- Jan- FY21 20 21 Target

Jan-20

Jan- FY21 21 Target

MoM Performance

Remarks

1. Distribution volume breakdown on a MoM basis

• • PGN = 800 MMSCFD (Dec. '20) vs. 819 MMSCFD (Jan. '21);

• • Gagas = 6 MMSCFD (Dec. '20) vs. 6 MMSCFD (Jan. '21.);

• • Pertagas = 73 MMSCFD (Dec. '20) vs. 79 MMSCFD (Jan. '21)Breakdown of transmission volume on a MoM basis is as follow:

• • PGN = 2 MMSCFD (Dec. '20) vs. 3 MMSCFD (Jan. '21);

• • Pertagas = 1,215 MMSCFD (Dec. '20 ) vs. 1,205 MMSCFD (Jan. '21)

Breakdown of lifting volumes per block in Jan. '21 are as follow:

• • Pangkah = 7,525 BOEPD (Dec. '20) vs. 2,329 BOEPD (Jan. '21);

• • Fasken = 5,122 BOEPD (Dec. '20) vs. 5,461 BOEPD (Jan. '21);

• • Ketapang = 878 BOEPD (Dec. '20) vs. 2,017 BOEPD (Jan. '21);

• • Bangkanai = 979 BOEPD (Dec. '20) vs. 493 BOEPD (Jan. '21);

• • Muara Bakau = 6,542 BOEPD (Dec. '20) vs. 3,536 BOEPD (Jan. '21)

Higher regasification volume on a MoM basis was primarily due to stronger gas demand from PLN.

The volume breakdown per LPG plant on a MoM basis is as follow:

• • LPG Pondok Tengah = 0 TPD (Dec. '20) vs. 0 TPD (Jan. '21);

• • LPG MKS = 131 TPD (Dec. '20) vs. 129 TPD (Jan. '21)

Lower oil delivery on a MoM basis from Pertamina EP field in Central Ramba, South Sumatra to Plaju refinery unit in South Sumatra.

During FY20*, capex reached US$300 million with the following details:

Development of existing oil & gas blocks (including Ketapang block, West Pangkah and Sidayu fields developments)

Business Updates

NOTES

-Rokan oil pipeline development

• - Gresik-to-Semarang gas transmission pipeline development

• - Distribution pipeline development

• - Kuala Tanjung distribution pipeline development

1. Details of gas sales to PLN power plants by PGN in Jan. '21 in accordance with MEMR Decree Number 91 Year 2020 are as follow:

PLN POWER PLANTS	TOTAL GAS ALLOCATION UNDER MEMR DECREE (BBTUD)	VOLUMES (BBTUD)
JAN. '21
PLN UPJP Priok	315	78
PLN UP Muara Karang	45
PLN Muara Tawar	48
PLN PLTMG 24 MW New Tarahan	1.7
PLN PLTMG MPP 100 MW New Tarahan	11
IP UJP PLTGU Cilegon	33
PLN Batam Muldes	36
ELB	3
Total	315	256

2. Details of gas sales to seven selected industrial customers in Jan. '21 pursuant to MEMR Decree Number 89

Year 2020 are as follow:

PGN

Pertagas

3. Breakdown of gas sales per industrial sector in Jan. '21 is as follow (PGN stand-alone):

4. Our independent auditor, Pricewaterhouse Coopers ("PwC"), is currently auditing PGN's consolidated FY20

Financial Statement. Audit activities include annual impairment testing and determining the accounting treatment on recent formal tax verdicts issued by Indonesian Supreme Court.

For further information please contact:

Investor Relations

PT Perusahaan Gas Negara Tbk

Mid Tower Manhattan 26th Floor

Jl. TB Simatupang Kav. 1-S, Jakarta, Indonesia Email:[e-mail]

Phone: [phone]

Business Updates

(cont'd)