Pertamina Gas Negara stock adds biomethane to its growth plan

Published on 10/07/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pertamina Gas Negara stock was last at IDR 1,420 on October 7, 2026, while the 12-month consensus target is IDR 1,997. PGN is adding biomethane to its gas network.

Pertamina Gas Negara, ID1000111602, Illustration mit AI erstellt.

Pertamina Gas Negara (ISIN ID1000111602) was last at IDR 1,420 on the Jakarta Stock Exchange on October 7, 2026, giving the issuer a market capitalization of IDR 34.4 trillion. The latest company-linked development is a biomethane project designed to add renewable gas to PGN's existing network.

Biomethane adds a new supply route

According to ANTARA News on October 6, 2026, PGN is preparing to integrate biomethane made from palm oil mill waste in South Sumatra. The facility targets annual production of 150,000 MMBTU and is being developed with Toyota Tsusho Indonesia and KIS Biofuels Indonesia.

PGN is positioned as both the primary buyer and transporter. The biomethane is planned for delivery to Toyota Motor Manufacturing Indonesia and other industrial customers through PGN's pipeline network, allowing fuel switching with limited infrastructure changes.

Commercial operations target 2027

Argus Media reported on October 6, 2026, that the joint venture plans to begin commercial operations in 2027. Its planned output is 150,000 MMBTU per year, with supply intended for manufacturing customers in West Java through PGN pipelines.

The project gives PGN a measurable expansion point beyond conventional gas transmission and distribution. The operating model also links new renewable-gas supply to infrastructure the company already owns, rather than requiring a separate network for industrial users.

Analysts see IDR 1,997 target

Investing.com lists a 12-month consensus of Buy from 14 analysts, including 10 Buy ratings and 4 Hold ratings. The average target is IDR 1,997, which is 40.63 percent above the IDR 1,420 price; the published target range runs from IDR 1,397.84946237 to IDR 2,616.4874552.

The valuation gap is paired with a wide trading range. PGN's 52-week range is IDR 1,350 to IDR 2,520, placing the October 7 price IDR 1,100 below the yearly high and IDR 70 above the yearly low.

PGN stock holds at IDR 1,420

PGN stock was last at IDR 1,420 on the Jakarta Stock Exchange at 2:26 p.m. WIB on October 7, 2026. Trading volume stood at 8,475,200 shares, while the 52-week range remained IDR 1,350 to IDR 2,520.