Indonesia extends three energy contracts, opens third bidding round
JAKARTA, Nov 6 (Reuters) – Indonesia has decided to award 20-year contract extensions from 2022 to three existing oil and gas block operators, Deputy Energy Minister Arcandra Tahar said late on Monday. These were: * Tarakan block, awarded to operator Medco Energi Internasional unit Medco E&P Tarakan, with a 100 percent participating interest * Coastal […]
Indonesia’s PLN gets $1.6 bn loan for giant power station project
The offshore US dollar credit facility with 20 international banks, signed on Oct. 25, was the first of its kind for PLN, the company said in a statement issued on Monday JAKARTA: Indonesia’s state-owned power utility Perusahaan Listrik Negara (PLN) said it has secured a $1.62 billion syndicated loan facility to support its role in […]
Indonesia, UK seek to boost economic ties
Indonesia and the United Kingdom have expressed a wish to strengthen bilateral relations between the two countries amid rising global protectionism sparked by the trade war between the United States and China. Speaking at the Indonesian Briefing forum in London recently, Indonesian Ambassador to the UK Rizal Sukma stressed the importance for both countries of […]
PH sets petroleum perks benchmarking with Indonesia
The Philippines has set into motion collaborative talks with Indonesia on prospective benchmarking of incentives for investments in the upstream petroleum sector. Energy Secretary Alfonso Cusi This was a matter that Philippine Energy Secretary Alfonso G. Cusi had raised with Indonesian Deputy Minister of Energy and Resources Arcandra Tahar in their bilateral meeting in Singapore […]
Renewable brew: Indonesian geothermal project energises women coffee growers
Renewable brew: Indonesian geothermal project energises women coffee growers. Coffee farmers in matrilineal villages in a mountainous region of Indonesia are getting assistance from a geothermal energy company, which said it is helping them to grow, roast and find global buyers for their beans. Backed by the Asian Development Bank (ADB), PT Supreme Energy Rantau Dedap […]
West Java represents 61% of Indonesia’s geothermal power generation capacity
With an installed geothermal power generation capacity of 1,194 MW, the Province of West Java represents around 61% of the total installed geothermal capacity of Indonesia. The Jakarta Post reports this morning that the Province of West Java in Indonesia reached a $73 million non-tax revenue from the geothermal energy sector, according to the Energy […]
Indonesia imposes mandatory use of B20 biodiesel in drive to cut fuel bill: deputy minister
SINGAPORE (Reuters) – Indonesia has enforced mandatory use of diesel containing 20 percent locally produced biofuel amid steps to rein in its fuel bill and cushion the impact on its economy of a currency crisis and higher oil prices, a government official told Reuters. Speaking on the sidelines of the Singapore International Energy Week conference, […]
Indonesia does not need to import gas until 2027 at current demand growth rate, says official
Indonesia’s average gas demand growth over the last five years was about 1.1 per cent, Arcandra Tahar told a panel session at the Singapore International Energy Week conference SINGAPORE: Indonesia will not need to import any gas until at least 2027 if its average gas demand growth rate is maintained at just over 1 per […]
US Cleaning Supplies Firm To Open Blockchain Rewards-Based Recycling Centers in Indonesia
U.S. manufacturer of household cleaning supplies SC Johnson and environmental organization Plastic Bank will open several plastic recycling centers in Indonesia, offering locals tokens for waste collection, according to a press release published Sunday, Oct. 28. SC Johnson, which owns such brands as Glade, Ziploc and Mr. Muscle, has revealed recent scientific data on the […]