PGN Transitions to Persero Status Following New BUMN Law

Compliance with State-Owned Enterprises Regulation

PT Perusahaan Gas Negara Tbk (PGAS) has officially changed its status to Persero after an Extraordinary General Meeting of Shareholders (EGMS) held on December 29, 2025 approved the amendment of the company's articles of association. The change transforms the company's name from PT Perusahaan Gas Negara Tbk to PT Perusahaan Gas Negara (Persero) Tbk, reflecting its new status as a state-owned enterprise under the new legal framework.

Key Decisions from EGMS

The EGMS approved three major agenda items:

1. Amendment of the company's articles of association to comply with the new Law No. 16/2025
2. Changes to the company's share ownership structure
3. Authorization to the Board of Commissioners to approve the 2026 Work Plan and Budget (RKAP) and the 2026-2030 Long-Term Corporate Plan (RJPP)

Implications of the Status Change

The change to Persero status aligns PGN with other major state-owned enterprises in Indonesia, potentially affecting its operational and strategic direction. This move is part of a broader regulatory adjustment following the enactment of the new State-Owned Enterprises Law, which aims to modernize the governance and operations of BUMN entities.

Future Outlook

The authorization given to the Board of Commissioners indicates that PGN is preparing for significant strategic planning for the coming years. The approval of RKAP 2026 and RJPP 2026-2030 will be crucial in determining the company's growth trajectory and investment plans under its new status.