Pertamina Hulu Mahakam and SKK Migas inaugurated the South Mahakam Gas Supply to Refinery Unit V (SMGS to RU V) Project. The US$25.1 million-worth project cut Balikpapan Refinery operating cost by up to US$12 million per year.
Petronas' discovery of oil reserves in Madura waters has sparked new optimism in Indonesia's upstream oil and gas industry. Several large contractors manage the oil and gas-rich waters.
The Ministry of Energy and Mineral Resources (ESDM) encourages independent power producers (IPP) to substitute coal with biomass co-firing in power plants. The backing regulation is being prepared.
PT Pertamina EP Asset 3 made quite excellent progress in the JAS-022 well drilling, which started since December 31, 2020. The company’s oil output shot 267 percent above the target, while gas was 160 percent above the target.
PT Perusahaan Gas Negara Tbk will support the construction of natural gas infrastructures and distribution services in the Kendal Industrial Estate. The latest study shows that gas demand in the area is quite large.
The government encourages the construction of new oil refineries and capacity building for existing refineries. This strategy is taken to pursue zero fuel imports in 2027.
The government will lobby Japan's automotive manufacturers to allocate 120,000 units of cars produced in Indonesia for export to the Australian market.
Giant coal mining companies in Indonesia are pivoting to coal gasification projects to meet the demand of environmentally-conscious investors. Financing companies are no longer interested in coal-fired power plant (PLTU) projects.
