Jakarta - PT GTS Internasional Tbk (GTSI) business entity, PT Hikmah Sarana Bahari (HSB), has obtained an LNG shipping contract from BP Berau Ltd for US$4.1 million.

"The contract duration is for LNG shipments from Tangguh port to several LNG unloading ports in Indonesia, with a period of 92 days," said GTSI President Director Kemal Imam Santoso in the IDX information disclosure on Friday (15/10).

He added that acquiring this new contract would increase revenue and strengthen the company's financial condition.

GTS, HSB, and Berau are not affiliated.

In addition, GTSI also won the trust of Gas Enter Co Ltd, which is a Korean company engaged in LNG infrastructure.

"The signed memorandum of understanding is non-law binding, non-material and a commitment to explore cooperation in the LNG infrastructure sector," he said.