Indonesia Business Post

Shell forecasts global LNG demand to reach 685 million tons

Shell's LNG market outlook predicts a 50 percent increase in liquefied natural gas demand by 2040 as the coal-based industry transitions to gas in China and some countries in South and Southeast Asia.

Securing continuity of Masela Block, Inpex pursues long-term LNG sales contracts

The Japanese oil giant, Inpex Corporation, is currently seeking long-term gas buyers for the Abadi LNG project in the Masela Block.

Nickel downstreaming said to eliminate farmers & fishermen's income

The global demand for nickel has burgeoned with the rise of electric cars, provoking Indonesian President Joko Widodo to ban export of nickel ores in 2020 as part of the attempt to increase the nation’s revenue through export of only processed nickel.

CELIOS suggests focus on nickel recycling industry development

The Center of Economic and Law Studies (CELIOS) emphasizes the need to focus on developing the nickel recycling industry to avoid negative economic and health impacts from nickel downstream activities.

Erick Thohir to reshuffle Vale management after completion of divestment

The Ministry of State-owned Enterprises, led by Erick Thohir, will overhaul the management of PT Vale Indonesia (INCO) following the completion of the sale of its 14 percent stake to MIND ID.

Harita Nickel’s big plan: From acquisition to new investor entry

Securities company Mandiri Sekuritas has revealed a big corporation action plan by PT Trimegah Bangun Persada (NCKL) or Harita Nickel that will be financed by the proceeds of a private placement or rights issue.

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.

Astra Agro Lestari allocates IDR 1.5 trillion for capital expenditure in 2024

PT Astra Agro Lestari is preparing a capital expenditure of around IDR 1.5 trillion (about US$96 million) this year, with the majority allocated for replanting 5,000 hectares of oil palm trees.

Millions tons of bauxite to remain unsold, $7.7 billion in exports at stake

The Ministry of Energy and Mineral Resources (ESDM) projects that there will be 13.86 million tons of unsold bauxite domestically from this year's upstream mining production capacity. This amount equates to export value of US$494.6 million or Rp7.7 trillion.

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