As part of Indonesia’s push to ensure that more benefits from resource extraction carried out by mining activity are preserved and reinvested domestically, the government is revamping the framework regulating mining contracts. This is aimed at facilitating greater local participation in operations and securing a larger proportion of revenues for...
Promulgated in 2001, Indonesia’s Oil and Gas Law forms the backbone of the sector’s regulatory framework along with various supplementary government ordinances and decrees. While the law ostensibly lays out a clear set of rules governing both state and private sector responsibilities, entitlements, liabilities and all manner of legal obligations...
With oil and gas imports weighing on its trade balance, Indonesia is taking steps to reduce domestic demand for fuel and boost local refinery capacity. These moves come in the wake of the International Energy Agency (IEA) releasing a 2013 report projecting that energy demand in the South-east Asian country is set to nearly double over the next...
Over decades of partnership between the government and the private oil and gas companies contracted to bring hydrocarbon resources to the surface, the two parties have cooperated in the name of common interest. But while Indonesia still possesses plenty of reserves ripe for commercial exploration, continued uncertainty in the state’s oil and gas...
In order to compensate for the inevitable decline of domestic oil production and supplement coal supplies, Indonesia is increasingly leaning on its natural gas reserves to satiate a growing energy appetite and boost export revenues. With production rates steadily increasing over the past decade and more fields expected to contribute in the near...
Given Indonesia’s plentiful coal reserves and the need to build vast amounts of power generation quickly, a heavy reliance on fossil fuels is predicted initially. After the completion of the country’s first 10,000-MW fast-track plan, expected in 2014 and primarily relying on coal-fired generation, the table is set for renewable energy to shine. The...
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