State-owned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid – which last year absorbed 95 million tons of coal – by 2023. PLN president director Sofyan Basir said that by 2023 coal demand for the company’s thermal […]

State-owned mining holding company Indonesia Asahan Aluminium (Inalum) president director Budi Gunadi Sadikin has said the revenue that the state will receive from gold and copper miner PT Freeport Indonesia (PTFI) will increase to US$1.8 billion in 2022, from $180 million in 2018. In 2019 and 2020, there will be no revenue from the company because […]

JAKARTA, Jan 15 (Reuters) – * Pertamina to buy 2.5 million barrels of crude per month from Chevron Pacific Indonesia in January-June 2019 – joint statement * Pertamina crude purchases from Chevron and other companies to cut its crude imports to around 250,000 barrels per day (bpd) from 342,000 bpd (Reporting by Bernadette Christina Munthe […]

Speaking at the weekend Djoko said that first auction phase will involve the Anambas, West Ganal and West Kaimana blocks as well as two exploitation blocks — West Kampar and Selat Panjang and the auction process would be opened before the end of this month. “It [the first auction] will kick off this month. We […]

The government is lowering its investment target for the electricity sector this year to US$12.04 billion, 1.3 percent less than last year’s target of $12.2 billion, after taking into account a recent slowdown in electricity consumption. Only $11.28 billion was invested in 2018, but that was 24.5 percent more than the $9.06 billion invested in […]

JAKARTA – Indonesia is juggling between two options as it moves closer to setting regulations on the adoption of electric vehicles. The impending outcome is set to benefit Japanese car giant Toyota or South Korea’s Hyundai Motor and European carmakers such as BMW. The Joko Widodo administration is throwing its support behind green vehicles as […]

The government has lowered its coal production target for this year to 480 million tons in an effort to stabilize the global coal price, an official has said. Last year’s target was 485 million tons, 25 percent of which was allocated to the domestic market obligation (DMO). Energy and Mineral Resources Ministry mineral and coal […]

Singapore — Indonesia’s Ministry of Energy and Mineral Resources has set its January thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $92.41/mt, down 0.11% month on month, and down 3.28% year on year. China’s import limitation impacted the seaborne thermal coal prices, according to the ministry’s spokesman Agung Pribadi. The […]

JAKARTA, Jan. 4 (Xinhua) — Indonesian Energy and Mineral Resources Minister Ignasius Jonan said on Friday that the electrification ratio among the population has reached 98.3 percent in 2018, showing a continuous ratio growth since the current government started to function in 2014. “It is hoped that the ratio would grow further to 99.9 percent […]

JAKARTA: Indonesian state energy company PT Pertamina has signed deals to purchase crude oil produced from domestic fields by Chevron Corp, PetroChina and others, a company source familiar with the matter said. Purchases will start this month, including from other contractors such as Petrogas and Saka Energi Indonesia, the person said on Friday, without disclosing […]