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Astra Agro Lestari: Indonesia has potential to develop 100% palm oil-based fuel
The Indonesian government continues to push for the development of bioenergy through a blend of diesel fuel and 35 percent palm oil, known as the mandatory biodiesel B35 program. The campaign is strengthened with the introduction of a vision for Indonesia to produce fuel that is 100 percent derived from palm oil, known as B100.
WIKA to undertake Rp1.2 trillion IKN toll road project, completion in 2025
State-owned construction firm PT Wijaya Karya (WIKA) is prepared to construct the Capital City of Nusantara (IKN) Toll Road Section 3B-2: Kariangau KKT - Sp. Tempadung with a project value of Rp1.2 trillion (US$76.8 million).
Freeport's smelter project, a catalyst for economic growth, resource development
The upcoming inauguration of PT Freeport Indonesia's new copper smelter in Java Integrated Industrial and Ports Estate (JIIPE), Manyar, Gresik regency, East Java, represents a pivotal moment in Indonesia's mining sector. Scheduled to commence its first production in August 2024, this state-of-the-art smelter is poised to unlock a new chapter of economic growth and resource development in the region.
Maximizing domestic natural gas use, key pillar of Indonesia's energy strategy
The Ministry of Energy and Mineral Resources (ESDM) has reported a significant milestone in Indonesia's energy landscape, with domestic natural gas utilization reaching 68.2 percent of total production throughout 2023. This achievement underscores the nation's commitment to maximizing the utilization of its abundant natural resources and highlights the pivotal role of natural gas in meeting both industrial and household energy needs.
PGN ventures into China's LNG market
State-owned gas distributor PT PGN (PGAS), a subsidiary of Pertamina, has taken a bold step towards expanding its global business operations by orchestrating the sale of seven liquefied natural gas (LNG) cargoes to China. The move, equivalent to 64 billion British thermal units per day (BBtud), signifies PGN's entrance into the international LNG market and underscores its commitment to diversifying its energy sales portfolio on a global scale.
Pertamina claims competitive pricing for aviation fuel
PT Pertamina Patra Niaga, a Commercial & Trading Sub-Holding of PT Pertamina, responds to findings by the Business Competition Supervisory Commission (KPPU) regarding the monopoly of aviation fuel sales.
Pertamina teams up with ENI and Petronas to explore African, S. American oil blocks
PT Pertamina Hulu Energi (PHE) has entered into a collaboration with the Italian oil and gas company ENI and Malaysia's Petronas to explore the potential of oil and gas blocks in Africa and South America.
Formation of PLN's Midstream LNG Joint Venture Enters Auction Phase
PT PLN Energi Primer Indonesia (PLN EPI) is set to establish a joint venture company to build and operate midstream LNG infrastructure as part of the company's power plant gasification program. Mamit Setiawan, Corporate Secretary of PLN EPI, revealed that the company is currently conducting auctions to select potential partners. "In each cluster, PLN EPI will partner with one selected partner, which could be a single company or a consortium consisting of multiple companies," said Mamit when contacted on Friday (9/2/2024).
WIKA, Waskita to strengthen governance amid reports of irregularities
Two state-owned construction companies, PT Wijaya Karya (WIKA) and PT Waskita Karya (WSKT), have expressed their commitment to continuing to strengthen governance amid indications of conflicts of interest within the company.
Supporting decarbonization, Pertamina Patra Niaga facilitates carbon purchases
In an effort to provide decarbonization solutions for its business partners, Commercial and trading subholding of Pertamina, PT Pertamina Patra Niaga, is opening opportunities for carbon trading with domestic and international companies.
Five largest creditors to private Indonesian entrepreneurs
The Indonesian central bank (BI) has recorded the five largest creditors for Indonesian private foreign debt in the past 10 years, namely Singapore, the United States, China, Hong Kong, and Japan. Overall, as of November 2023, private foreign debt decreased by 2.3 percent compared to the same period in 2022 (year-on-year/yoy) to US$196.2 billion.
Bridging funding gap in RUPTL projects: PLN asked to engage int’l partners
The Ministry of Energy and Mineral Resources (ESDM) asks State electricity company PT PLN to expand its business scheme related to fundraising for projects outlined in the Electricity Supply Business Plan (RUPTL) 2021-2030 as a measure to provide an alternative investment avenue currently unavailable to PLN.