PT Nusantara Regas (or hereafter will be referred as ‘NR’ or ‘the Company’) was established as a subsidiary of State-Owned Enterprises (BUMN) from a consortium between PT Pertamina (Persero) and PT Perusahaan Gas Negara Tbk on April 14, 2010 as stipulated in Notary Deed No. 16 and approved by the Minister of Law and Human Rights of the Republic of Indonesia in Decision Letter No. AHU-24233. AH.01.01 Year 2010 dated April 14, 2010.
In accordance with the last Articles of Association of the Company which was legalized by the Deed of Notary No. 16 dated April 14, 2010, the scope of Company’s activity business activities covering natural gas commercial sector, which among others carry out procurement of Floating Storage Regasification Unit (FSRU) facility: the procurement of storage and floating regasification facility, including but not limited to transportation facility of gas and any related facility/infrastructure.