#Energy
Government increases ownership as Freeport divests another 20% of shares
The Indonesian government’s efforts to increase share ownership in PT Freeport Indonesia (PTFI) have paid off. Freeport McMoran CEO Richard Adkerson and PTFI CEO Tony Wenas agreed to release another 20 percent stake in the mining company to the government.
West Nusa Tenggara to build Indonesia’s first renewable energy region-owned company
The province of West Nusa Tenggara (NTB) is set to pioneer the establishment of Indonesia’s inaugural Regional Owned Company (BUMD) engaging in the renewable energy sector.
Indonesia plans to halt LNG exports to meet domestic demands
The Indonesian Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, revealed the government's plan to cease the export of liquefied natural gas (LNG) due to the rising demand from domestic industries.
Government forms Indonesian Carbon Capture and Storage Center (ICCSC) to drive carbon capture technology implementation storage
Indonesia aims to become a regional hub for carbon capture and storage (CCS) with the launch of the Indonesia Carbon Capture and Storage Center (ICCSC). The ICCSC is a new organization that develops innovative solutions for CCS development, energy transition acceleration, and optimal climate development.
Assessing Pertamina’s investment plan in the Mansouri Block amidst the US-Iran embargo
Iranian President Seyyed Ebrahim Raisi’s inaugural visit to Indonesia on May 23-24 reopened the memorandum of understanding (MoU) that had been signed by both countries in 2016 regarding PT Pertamina (Persero)’s investment plans to manage the Mansouri oil and gas block in Iran.
Indonesia and US discuss investment opportunities in Energy transition projects
Minister of Economic Affairs, Airlangga Hartarto, met with the United States Trade Representative (USTR) during the Indo-Pacific Economic Framework (IPEF) event in Detroit, US.
Government issues permit for radioactive mineral mining to support nuclear power plant development
In line with their commitment to reduce reliance on coal, the Indonesian government has issued Government Regulation (PP) No 25 of 2023 regarding the designation of area for permits in radioactive mineral mining (WIUP). This initiative aligns with their strategic plan to advance the development of nuclear power plants.
PLN plans to replace diesel power plants with solar power
Indonesia's national electricity company PT Perusahaan Listrik Negara (PLN), is seeking to leverage US$ 20 billion (IDR 300.16 trillion) from a climate finance deal to replace diesel-fired power plants with solar power plants.
Indika Energy shifts focus toward mineral mining and green energy
PT Indika Energy Tbk (INDY) has announced plans to gradually divest from coal mining and expand its business scope to include mineral mining, such as gold and bauxite, as well as green energy.
Ministry expresses disappointment as Shell delays exit from Masela block
The Ministry of Energy and Mineral Resources (ESDM) expressed its disappointment towards Shell's slow progress in exiting the management of the Masela LNG Project.
Pertamina NRE allocates US$10 billion for green ammonia project in North Sulawesi
PT Pertamina Power & New Renewable Energy (NRE) has allocated a staggering US$10 billion to fund an extensive feasibility study focused on green ammonia production.
SKK Migas identifies promising gas resources in Bali’s northern waters
The Upstream Oil and Gas Business Regulatory Task Force (SKK Migas) identifies significant gas potential in the northern waters of Bali Island.