Indonesia - 05

Indonesia: Jakarta’s New Gas Price Policy: Implications for IOC Operators

Facing stagnant economic growth and a steadily depreciating currency, on 7 October the Widodo administration released the third phase of its economic stimulus package, aimed primarily at reducing the costs of doing business in the country. Of importance to IOCs is the government’s newly announced gas-price overhaul, under which it require “new” gas fields to lower the price of gas sold to the domestic ceramic and chemical industries.


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