JOGMEC and PTT Energy Resources sign MOU
～Cooperation in high quality coal business in Indonesia～
Japan Oil, Gas and Metals National Corporation (JOGMEC) and PTT Energy Resources Company Limited (“PTTER”) signed a Memorandum of Understanding (“MOU”) on February 18th, 2020.
PTT Energy Resources Company Limited (“PTTER”) is, a wholly-owned subsidiary of PTT Public Company Limited (“PTT”) and is engaged in coal and mining business along with Sakari Resources, other subsidiary of PTT Group (“SAR”).
SAR export high quality thermal coal to Asian countries including Japan from existing two coal mines in Indonesia, and have acquired new two undeveloped coal concessions in Indonesia in 2019.
Indonesia has been very important and indispensable sources of high quality thermal coal for Japan since Indonesia provides less expensive coal with lower ash and sulfur, which are harmful for the environment, and at the same time, good alternatives for us to avoid risk against suspension of coal shipments from Australia due to natural disasters such as hurricanes, bush fires.
Considering more attentions on environmental issues these days for coal-fired power plants, environmental friendly Indonesian coal possibly gains more importance in the future.
Given the above, JOGMEC will work in comprehensive cooperation with PTTER and SAR to improve operations of their coal mines capitalizing on both know-how and to seek for opportunities to have Japanese companies involved in their businesses such as JV agreement.
Information about the JOGMEC Coal Development Department
MOU Signing Ceremony (left) PTTER Acting President Sirithammasan (right)JOGMEC Director General of Coal Development Department Ooka
The inquiry about this page.
Coal Development Division, Coal Development Department
Public Relations Division