![]() Furthermore, as the realization of the transfer of shares, on JanuCompany’s name changes from PT E1-Pertagas to become PT Perta-Samtan Gas. In August 2010, E1 Corporation transferred all their share ownership to Samtan Co., Ltd. The Company was founded on with the goal to produce LPG (Liquified Petroleum Gas) in order to support the government in providing energy for the community, while reducing the load of government subsidies. Establishment of the company begins with the signing of the Joint Liquid Business Agreement (JLBA) between PT Pertamina (Persero) and E1 Corporation in August 2006, and the Shareholders Agreement (SHA) between PT Pertamina Gas and E1 Corporation in South Korea witnessed by the President of Republic of Indonesia in July 2007. PT Perta-Samtan Gas was established under the name of PT E1-Pertagas by PT Pertamina Gas with ownership of 66%, and E1 Corporation, a limited company from South Korea, with ownership of 34%.
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