Upstream Gas Investors to Receive More Incentives

By Editorial Team 15/10/2021
oil and gas industry
Summary

The Energy and Mineral Resources (ESDM) Ministry is ready to facilitate business entities interested in developing natural gas domestically. The ministry's oil and gas director general Tutuka Ariadji assured the government would provide easier business processes and support facilities for investors related to regulations, permits, and fiscal incentives.

In the General National Energy Plan (RUEN), the government expects the natural gas portion to reach 24 percent in the country's energy mix by 2050. Therefore, the size of Indonesia's gas reserves is one of determining factors in meeting the target. "If necessary, the government will make adjustments to existing policies, including profit-sharing contracts and incentives," Tutuka explained on Thursday.

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