Wednesday, May 8, 2024

Luhut met with Blinken and Yellen, discuss bilateral ties and efforts in energy and economy

Reading Time: 2 minutes
Journalist IBP

Journalist

Mahinda Arkyasa

Editor

Interview

Luhut Binsar Pandjaitan met with a number of US officials including the US Minister of Finance, Janet Yellen and Antony Blinken to discuss a number of important issues.

The meeting also discussed the development of the Just Energy Transition Partnership (JETP) cooperation between Indonesia and America.

In addition, Luhut also discussed the Inflation Reduction Act (IRA) and development cooperation in the critical mineral sector, which is very crucial for battery raw materials for electric vehicles.

“I hope that cooperation in this field can be further strengthened with support from the United States,” said Luhut.

Discussing the energy sector

The meeting also discussed strategic cooperation between Indonesia and the US in the energy sector, such as the development of PT Pertamina (Persero) assets.

“In the spirit of mutual benefit, Indonesia and the United States are committed to continuing close and sustainable cooperation in various fields, including energy, trade and critical resources.” Luhut said.

On the other hand, Luhut also met with Antony Blinken, Secretary of State to discuss the development of bilateral relations between Indonesia and the US, as well as the two countries’ commitments in various strategic fields.

“Efforts to increase cooperation in strategic fields, including in the maritime sector, defense, climate change, green infrastructure and technology, are one of the main focuses of the talks,” said Luhut.

Underlining importance of Indo-Pacific Framework for Prosperity

Both emphasized the importance of the United States and Indonesia’s economic relationship, including continued cooperation in negotiations of the Indo-Pacific Economic Framework for Prosperity (IPEF), support for the U.S. Asia-Pacific Economic Cooperation (APEC) host year in 2023, and scaling new infrastructure investments through the Partnership for Global Infrastructure and Investments (PGII).

The Secretary and the Coordinating Minister also discussed progress in implementing Indonesia’s Just Energy Transition Partnership (JETP) — a landmark, long-term partnership, launched at the G20 under PGII, that will mobilize US$ 20 billion in public and private financing to accelerate Indonesia’s clean-energy transition.

Both emphasized the importance of the United States and Indonesia’s economic relationship,  including continued cooperation in negotiations of the Indo-Pacific Economic Framework for Prosperity (IPEF), support for the U.S. Asia-Pacific Economic Cooperation (APEC) host year in 2023, and scaling new infrastructure investments through the Partnership for Global Infrastructure and Investments (PGII).

The Secretary and the Coordinating Minister also discussed progress in implementing Indonesia’s Just Energy Transition Partnership (JETP) — a landmark, long-term partnership, launched at the G20 under PGII, that will mobilize US$ 20 billion in public and private financing to accelerate Indonesia’s clean-energy transition.

Journalist IBP

Journalist

Mahinda Arkyasa

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

The 57th annual meeting of the Asian Development Bank (ADB) in T’bilisi, Georgia, has agreed to increase funding of US$ 5 billion for the Asian Development Fund (ADF) 14 and the Technical Assistance Special Fund (TASF) 8 to combat global challenges.
Indonesian Foreign Minister Retno Marsudi has called for a ceasefire between Israel and Palestinian militant Hamas in the wake of the seven-month conflict, with Israel threatening to invade Rafah, a city of 2.5 million people in Gaza Strip.
Indonesia Foreign Minister Retno Marsudi held a bilateral meeting with her Turkish counterpart Hakan Fidan in Ankara on May 2, 2024, discussing Palestinian issue, defense cooperation, counter-terrorism and Indonesia-Türkiye Comprehensive Economic Partnership agreement (CEPA).
Indonesia’s ambitious plan to export electricity to Singapore is edging closer to realization, with President Joko “Jokowi” Widodo spearheading efforts to develop the nation’s green energy industry. The initiative, which involves exporting electricity generated from solar power plants (PLTS) to Singapore, is seen as a key step towards enhancing bilateral cooperation and promoting sustainable energy solutions.
India holds exhibitions and seminars related to defense equipment in Jakarta, extending offer to assist Indonesia in developing its domestic defense industry in the long term.
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif recently signed the 2024-2025 Joint Work Program (JWP) alongside Executive Director of the International Energy Agency (IEA) Fatih Birol for the support of the acceleration of energy transistion in Indonesia and the achievement of Net Zero Emission (NZE) targets. This signing took place amidst Arifin’s visits for the World Energy Congress (WEC) in Rotterdam and the IEA Global Summit on People-Centerd Clean Energy Transitions in Paris.