PGN prepares biomethane integration. Mirae sees IDR 1,470-1,585 for Pertamina Gas Negara stock

Published on 10/07/2026 at 10:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The facility targets 150,000 MMBTU a year. Pertamina Gas Negara stock costs EUR 0.07 on October 7, 2026, plus 0.00 percent versus EUR 0.07.

Pertamina Gas Negara, ID1000111602, Illustration mit AI erstellt.

Pertamina Gas Negara stock (ISIN ID1000111602) was trading at EUR 0.07 at Lang & Schwarz on October 7, 2026 at 10:01 a.m. CEST, plus 0.00 percent versus the prior close of EUR 0.07. The company is preparing to integrate biomethane into its natural gas infrastructure after a related plant groundbreaking on October 5, 2026, according to ANTARA News. Mirae Asset Sekuritas analyst Nafan Aji Gusta cited a target range of IDR 1,470.00 to IDR 1,585.00 for PGAS on September 15, 2026, as reported by Kontan.

Biomethane targets 150,000 MMBTU

The facility in North Musi Rawas, South Sumatra, is being developed by Toyota Tsusho Indonesia and KIS Biofuels Indonesia. Its annual production target is 150,000 MMBTU, with PGN acting as both the primary buyer and transporter, according to ANTARA News on October 6, 2026.

The gas is expected to move through PGN's existing pipeline network to Toyota Motor Manufacturing Indonesia and other industrial customers. The existing infrastructure can support the switch from natural gas to biomethane with minimal modifications, giving the project an operating link to PGN's established transmission and distribution business.

Analyst range contrasts with market data

Kontan reported that the Mirae Asset view also identified IDR 1,470.00 as support and IDR 1,585.00 as resistance. The range provides a concrete technical frame for the stock, while the latest finance quote put PGAS at IDR 1,425.00 on the Indonesia Stock Exchange on October 7, 2026, with a 52-week range of IDR 1,350.00 to IDR 2,520.00.

Tweenvest identifies the issuer as PT Perusahaan Gas Negara Tbk, ticker PGAS, listed on the Indonesia Stock Exchange and operating in gas utilities. Its profile states that the company transmits and distributes natural gas in Indonesia and is a subsidiary of PT Pertamina, while its market data puts market capitalization at IDR 34.5 trillion on October 7, 2026.

PGAS remains flat in euros

The Lang & Schwarz quote stood at EUR 0.07 in trading on October 7, 2026 at 10:01 a.m. CEST, unchanged at plus 0.00 percent versus the Lang & Schwarz prior close of EUR 0.07 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Pertamina Gas Negara stock.