#Energy
Repsol and ExxonMobil eye business opportunities in carbon capture and storage in Indonesia's oil fields
International oil companies, Repsol and ExxonMobil Indonesia, are exploring business opportunities in the field of carbon capture and storage (CCS) services within Indonesia's oil and gas sector. This move aligns with the discovery of favorable carbon storage capacities.
Challenges persist in accelerating Indonesia's geothermal energy growth
Entrepreneurs in the geothermal sector have revealed that the growth of installed capacity for geothermal power plants (PLTP) in Indonesia remains sluggish, currently reaching only 40 MW per year. Several challenges are seen as hindrances to the expansion of this clean energy source.
Amman Mineral signs LNG supply agreement with Pertamina
Amman Mineral Nusa Tenggara (AMNT), a subsidiary of PT Amman Mineral Internasional Tbk (AMMN), has entered into a preliminary agreement with PT Pertamina. This agreement was mutually signed on Wednesday, September 20, 2023.
Energy and Mineral Resources Ministry to auction three oil and gas blocks in Papua
The Ministry of Energy and Mineral Resources (ESDM) has announced the offering of Phase III Oil and Natural Gas Working Areas (WK Migas) for the year 2023. These three oil and gas blocks are all located in the Papua region.
Indonesian carbon trading success crucial for global decarbonization, according to OJK
The Indonesian government, through the Financial Services Authority (OJK), has announced that carbon trading through a carbon exchange will commence on September 26, 2023.
Indonesia's Stock Exchange (BEI) receives license to operate carbon exchange
The Indonesia Stock Exchange (BEI) has been granted a license to operate a carbon exchange by the Financial Services Authority (OJK). It is believed that the success of the carbon exchange in Indonesia is key to global decarbonization.
Krakatau Daya Listrik develops solar panel giving impacts on reducing emissions
PT Krakatau Daya Listrik (KDL) has successfully developed solar panel installations with four different mechanisms. This subsidiary of the Chandra Asri Group has installed solar panels in various projects, including industrial and retail.
PLN introduce digital platform to support carbon trading and monitor decarbonization efforts
The State-Owned Electricity Company PLN has introduced the PLN Climate Click platform as a supporting tool for carbon trading among power generators in Indonesia. Through PLN Climate Click, the progress and decarbonization efforts undertaken by PLN can be regularly monitored.
Pertamina cooperates with Malaysian company to commercialize LNG
A subsidiary of Pertamina, PT Pertamina International Shipping (PIS), PT Davenergy Mulia Perkasa, and Malaysian offshore energy facility provider Bumi Armada Malaysia have signed an agreement for the development and commercialization of liquefied natural gas (LNG) in Indonesia. This agreement was reached on Wednesday, September 13th.
Indonesia aims to lead Southeast Asia in CCS/CCUS technology
The Ministry of Energy and Mineral Resources said that the government is targeting Indonesia to become a center for carbon storage technology in Southeast Asia. This is reflected in President Joko 'Jokowi' Widodo's plans to expand the development of storage technology beyond the upstream oil and gas (oil and gas) sector. However, there are problems that also need to be addressed.
PLN green energy transition gets financial boost from landmark MoU with Export Finance Australia
PT PLN (Persero) is exploring green financing cooperation from Export Finance Australia (EFA) to accelerate the energy transition in Indonesia. This exploration was marked by the signing of an MoU between the two.
Indonesia to export power plant to Singapore, demands 60% domestic component ratio
The Indonesian government has set a requirement for Singapore to accommodate the use of domestic services and goods or domestic component ratio (TKDN) of 60% for the export of 4 gigawatts (GW) of electricity from 2027 to 2035.