#Energy
Negotiation on Vale Indonesia's divestment share price ongoing
Director of Mineral and Coal Program Development at the Energy and Mineral Resources Ministry, Tri Winarno, says negotiation for PT Vale Indonesia’s divestment share price is ongoing, with the company currently offering the price and providing room for negotiation.
Strategic status granted to Malaysia's Taipan gas project in West Papua
The gas project managed by Genting Oil Kasuri Pte Ltd (GOKPL) in the Kasuri Block, West Papua, has officially obtained national strategic project (PSN) status earlier this year.
Indonesia discovers large gas deposits in Andaman waters
Indonesia has made a great discovery of gas deposits in Andaman waters, Aceh province, following the first discovery of 5.6 Trillion Cubic Feet (TCF) of gas and condensate and the latest discovery of found 6 TCF.
Chandra Asri builds EV Battery Raw Material Plant, Invests Rp12.45 Trillion
PT Chandra Asri Pacific Tbk. (TPIA) is set to construct a Chlor Alkali-Ethylene Dichloride (CA-EDC) plant that will produce a key raw material for electric vehicle (EV) battery pack components – caustic soda, totaling 400,000 tons per year. The construction of this new plant is scheduled to begin in early 2024, with Chandra Asri allocating US$800 million or approximately Rp12.45 trillion for the project, which is expected to take 28 months.
Indonesia struggles to achieve 2025 energy mix target
Minister of Energy and Mineral Resource Arifin Tasrif says Indonesia’s energy mix program has not increased significantly in 2023 that Indonesia needs to strive to get close to the target of 23 percent energy mix in 2025. Energy mix program is meant to reduce the use of fossil fuel based energy and increase the use of renewable energy.
Indonesia secures US$30.3 billion investment in energy and mining sector in 2023
Minister of Energy and Mineral Resource Arifin Tasrif said Indonesia booked US$30.3 billion investment in the energy and mining sector throughout 2023, an increase by 11 percent from the previous year.
Indonesia discovers lithium deposit in Central Java
The Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) has confirmed the discovery of a 'rare treasure' in the form of lithium as previously claimed by Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan.
Suboptimal gas absorption affects production at JTB gas field
PT Pertamina EP Cepu, a subsidiary of oil and gas giant Pertamina, has revealed that it has to decrease production at the Jambaran Tiung Biru (JTB) gas field in Bojonegoro, East Java. Endro Hartanto, CEO of Pertamina EP Cepu, said the decision to cut production at JTB gas field was due to the limited absorption capacity of several contracted buyers.
JTB gas production faces constraints as buyer uptake remains suboptimal
The gas production from the national strategic project (PSN) Jambaran Tiung Biru (JTB) is currently hovering around 110 million standard cubic feet of gas (MMscfd), significantly below its production capacity of 192 MMscfd. Endro Hartanto, CEO of Pertamina EP Cepu, revealed that the company had to curtail production from the JTB field due to limited buyer capacity.
SKK Migas, TIS Petroleum join hands in High CO2 Content Gas commercialization
The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) has joined forces with TIS Petroleum E&P Blora Pte. Ltd., a contract partner, to complete the Early Production Facility (EPF) project in the RBG Block-I within the Blora Working Area, East Java.
Pertamina collaborates with KNOC to develop Rig-to-CCS technology
Pertamina has set up a partnership with the Korea National Oil Corporation (KNOC) to develop Rig-to-CCS (carbon capture storage) technology. Rig-to-CCS involves repurposing decommissioned offshore oil platforms into carbon capture and storage facilities.
SKK Migas waits for validation of discovery for new LNG plant
The Upstream Oil tatedand Gas Regulatory Task Force (SKK Migas) confirms that the decision to build a novel liquefied natural gas (LNG) facility in the vicinity of Aceh will be contingent upon the fulfilment of the development blueprint (PoD) for Andaman II and South Andaman Blocks.