The government's gas price control policy will come under pressure due to ongoing oil price volatility, particularly with many Indonesian gas prices traditionally still indexed to oil prices. It is noteworthy that Brent crude was hovering at $20-30/barrel (bbl) in April 2020 when the regulation was issued, and has risen above $70/bbl by mid producers of coal, oil, and natural gas to sell a portion of their output (usually between 15% and 25%) on the domestic market at discounted prices. Oil, 31% Biofuels & waste, 24%, 20% Natural gas, 16% Geothermal, solar & wind, 9% Hydro, 1% Total Primary Energy Supply* in 2017 *excluding net electricity import Source: IEA
Tangguh is the largest gas producer in Indonesia, contributing approximately 20 percent to national gas production, with a total investment to date of around $10 billion.
Indonesia's gas producers could be forced to sell a proportion of their output locally Indonesia in late 2016 ordered reut.rs/2ZY1Xlk energy companies to cut natural gas prices to $6 mmbtu for
Gas Alam 2.34 : 0.0260: 1.13%-29.52%-58.42%: 2023-12-13 : Bensin 1.99 : 0.0084: .42%-9.66%-11.78%: 2023-12-13 : Minyak Pemanas 2.55 : 0.0428: 1.71%-8.24%-21.04%: 2023-12-13 : Batubara 146.00 -6.50-4.26%: 19.67%-63.95%: 2023-12-12 : Gas TTF 35.72 : 1.01: 2.92%-24.98%-72.84%
Download. Exports of Oil & Gas in Indonesia decreased to 892.20 USD Million in December from 920.90 USD Million in November of 2022. Exports of Oil & Gas in Indonesia averaged 428.09 USD Million from 1994 until 2022, reaching an all time high of 957.90 USD Million in June of 2022 and a record low of 47.20 USD Million in February of 1999. source Indonesian crude oil price (USD/barrel) 51 67 62 40 55-65 63 Crude oil production (thousand barrels per day) 804 778 746 707 680-705 703 Natural gas production (thousand barrels of oil equivalent per day) 1,142 1,145 1,057 983 987- 1,007 1,036 Budget deficit (2.51) (1.81) (2.20) (6.14) (5.82) (4.85) Source: Republic of Indonesia, 2021 Natural gas is a key resource for producing fertilizer. Volatility in the natural gas market will likely keep global and U.S. fertilizer prices high for some time. The price of fertilizer, which is among farmers' greatest expenses, reached all-time highs in the spring of 2022 after Russia, the world's top fertilizer exporter, invaded The project has a planned design capacity of 1.1 billion cubic feet of natural gas and 47,000 barrels of condensate per day, according Chevron's website. SKK Migas hopes IDD can come onstream by 2028.
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