#BUMN
PT PGN LNG Indonesia joins North Papua gasification development project
PT PGN LNG Indonesia, as part of Pertamina's Gas Subholding, has joined the development of a gasification project in North Papua, intended to strengthen the gas supply chain through the development of LNG infrastructure for power plants in the region.
Govt asked to accelerate LPG conversion in East Nusa Tenggara
The government must accelerate the process of converting kerosene to 3 kg Liquefied Petroleum Gas (LPG) for people in East Nusa Tenggara (NTT) province, in particular West Flores regency, for the sake of sustainable livelihood of the people and the government’s green energy target, an energy observer says.
BRI assures customer safety amid claim of ransomware attack
PT Bank Rakyat Indonesia (BRI) has addressed claims of a ransomware attack, assuring customers that their data and funds remain secure.
Gregory Hendra Lembong tipped to become CEO of BCA
PT Bank Central Asia (BCA) is reportedly planning to reorganize its board of directors by the end of 2024, with Gregory Hendra Lembong being anticipated as a strong candidate for the position of BCA’s President Director, succeeding Jahja Setiaatmadja, who is speculated to assume the role of BCA’s President Commissioner.
Monitoring needed for transition period of subsidized fertilizer distribution reform
A researcher has suggested the imposition of a transition period for the implementation of government-planned major reforms in the subsidized fertilizer distribution system.
Indonesia’s B40 Biodiesel mandate to be implemented gradually
Indonesia’s plan to increase the palm oil blend in biodiesel to 40 percent (B40) starting January 1, 2025 appears to be implemented gradually after industry players voiced the need for a transition period despite the government’s readiness for the policy rollout.
Slow renewable energy project negotiations potentially hinder 75 GW target
The Institute for Energy Economics and Financial Analysis (IEEFA) has found that most renewable energy projects have not yet reached the power purchase agreement (PPPA) stage, despite being auctioned two years ago.
PLN accelerates energy transition through media roundtable, startup collaborations
State power utility PT PLN on Tuesday, December 10, 2024 opened a Media Roundtable with four leading startups to accelerate the development of the green energy ecosystem.
Domestic airfares drop by 10 percent on Christmas, New Year holidays: Govt
President Prabowo Subianto has ordered for a 10-percent decrease in domestic airfares during the 2024 Christmas and 2025 New Year holidays as part of the efforts to ease the burden on local travelers.
Legal umbrella for BPI Danantara to be completed soon
The establishment of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) has entered the final stage with the draft Government Regulations (PP) and Presidential Regulations (Perpres)of the State-owned Enterprise (SOE) Superholding was submitted by Head of BPI Danantara Muliaman Hadad and Deputy Head Kaharuddin Djenod to Minister of State Secretary Prasetyo Hadi on Friday, November 29, 2024.
Government seeks new investors for Tuban Grass Root Refinery project
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia said the government is opening the opportunity for new foreign investors to invest in the Tuban Grass Root Refinery (GRR) project if Russia’s Rosneft Oil Co PJSC fails to provide clarity on its commitment to the venture.The refinery project, which involves PT Kilang Pertamina Internasional (KPI) and Rosneft, has faced setbacks partly due to geopolitical issues.“For concession holders on certain working areas, if there is no progress in certain time frame based on the regulation, there is a posibility that we will open bidding for new investors. Because it is state project, it is forbidden to slow the process,” Bahlil said on Friday, November 29, 2024.He added, however, that the government did not close the opportunity for the Russian company to continue with the project. He cited that he has met with Pertamina CEO, but they have not discussed the issue in detail.“I have set the agenda by the end of November, but Indonesia has just finished the regional elections. As chairman of a political party, I have made it clear that regional election is the first priority,” he said.The Tuban refinery, valued at approximately US$3.8 billion (Rp54.2 trillion), is designed to process 300,000 barrels of crude oil per day and produce around 30 million liters of fuel daily, including gasoline and diesel.The project has already encountered obstacles, including land acquisition, incentives, and permits, which Bahlil helped address during his tenure as Minister of Investment.Currently, PT KPI, a subsidiary of State energy compny PT Pertamina, continues to collaborate with Rosneft through PT Pertamina Rosneft Pengolahan dan Petrokimia (PRPP) to progress the project.Hermansyah of KPI confirmed that the Final Investment Decision (FID) is expected to be completed by the foiurth quarter of 2024, expediting the timeline initially set for 2025.As one of Indonesia’s largest oil refinery projects, the Tuban GRR aims to bolster domestic fuel production capacity, enhancing energy security and reducing dependence on imports.
Pertamina commited to reducing methane emissions by 40 percent by 2030
State energy company PT Pertamina is making strategic efforts to reduce emissions by reducing methane exhaust gas from all lines of the company's operations.