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Indonesia will stop imports of liquefied petroleum gas (LPG) and fuels by 2030 and plans to make major reforms to its energy infrastructure to achieve that goal
, a senior energy ministry official said on Thursday.
Indonesia's president has tasked the National Energy Commission, which is made up of seven ministries and other stakeholders responsible for formulating energy policy, to develop a strategy to allow the halt to LPG and fuel imports
.
As a former OPEC member, mature oil fields and lagging investment have turned Indonesia into a net importer of oil and gas
.
The president has announced measures to cut imports for years to rein in the country's current account deficit
.
Indonesia's president said the strategy includes building or upgrading refineries, converting refineries to biodiesel refineries, increasing domestic LPG production and building gas pipelines with the goal of connecting 10 million natural gas
contacts.
At the same time, "the government will encourage the development of infrastructure
for natural gas for public transport.
" He added that the government is also optimizing the production of biofuels and promoting electric vehicles
.
Indonesia aims to increase domestic crude oil production to 1 million barrels
per day by 2030 by developing new fields, using improved oil recovery methods in existing fields and increasing production from marginal fields.
In addition, Indonesia, the world's largest exporter of thermal coal, has long sought to cut imports of liquefied petroleum gas while maximizing the use of domestic coal assets and creating jobs
for the downstream coal industry.
Indonesia will stop imports of liquefied petroleum gas (LPG) and fuels by 2030 and plans to make major reforms to its energy infrastructure to achieve that goal
, a senior energy ministry official said on Thursday.
Indonesia's president has tasked the National Energy Commission, which is made up of seven ministries and other stakeholders responsible for formulating energy policy, to develop a strategy to allow the halt to LPG and fuel imports
.
As a former OPEC member, mature oil fields and lagging investment have turned Indonesia into a net importer of oil and gas
.
The president has announced measures to cut imports for years to rein in the country's current account deficit
.
Indonesia's president said the strategy includes building or upgrading refineries, converting refineries to biodiesel refineries, increasing domestic LPG production and building gas pipelines with the goal of connecting 10 million natural gas
contacts.
At the same time, "the government will encourage the development of infrastructure
for natural gas for public transport.
" He added that the government is also optimizing the production of biofuels and promoting electric vehicles
.
Indonesia aims to increase domestic crude oil production to 1 million barrels
per day by 2030 by developing new fields, using improved oil recovery methods in existing fields and increasing production from marginal fields.
In addition, Indonesia, the world's largest exporter of thermal coal, has long sought to cut imports of liquefied petroleum gas while maximizing the use of domestic coal assets and creating jobs
for the downstream coal industry.
