Business · Energy & Commodities · 2 hrs ago

Indonesia weighs ending gas export extensions to neighboring countries

Indonesia weighs ending gas export extensions to neighboring countries

Indonesia is considering not renewing gas export contracts with neighboring countries, Energy Minister Bahlil Lahadalia said after a cabinet meeting in Jakarta.

He said the move would help ensure domestic energy needs are met first.

President Prabowo Subianto told ministers Indonesia must act in a “survival” mode and protect its natural resources and national interests.

The government’s comments come amid concerns about energy security and international tensions.

Indonesia has previously extended gas supply agreements with Singapore, including a contract extended in 2022 through 2028.

Bahlil did not announce a decision or specify which contracts could be affected.

The government is weighing whether to renew exports, but no further steps were stated.

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What people are saying

Bahlil LahadaliaIndonesia’s energy minister
I am also perhaps considering not extending gas exports to neighboring countries because we have to survive and meet domestic needs.
via CNBC Indonesia
Prabowo SubiantoPresident of Indonesia
We are now in a condition where we have to survive. We have to endure, we have to save our wealth, our natural resources.
via Detik
Arifin TasrifFormer energy minister
We still have gas, so we will give it, so we extend for five years. Five years first. We have supplies; we need to help each other.
via CNBC Indonesia