SITENAME Logo

Indonesia to stop gas exports to Singapore in 2023

To cater to domestic demand, Indonesia’s Energy and Mineral Resources Ministry has decided to stop gas shipments to Singapore in the next three years.


Indonesia to stop gas exports to Singapore in 2023 | BEAMSTART News

Previously during a hearing with House of Representatives lawmakers in November, Energy and Mineral Resources Minister Arifin Tasrif said he planned to stop supplying gas to the city-state.

The decision is expected to add value for Indonesia’s natural gas and reduce its trade balance deficit, as the use of gas could shift to oil fuel.

Indonesia's gas exports to Singapore come from the Corridor Block managed by ConocoPhillips, which has a supply of 300 million standard cubic feet per day (mmscfd).

Statistics Indonesia data showed the country’s oil and gas exports totalled US$167.5 billion last year, a 6.94 percent decline year-on-year (yoy).

"Gas exports to Singapore will stop in 2023 and we will use the gas for the domestic market,” Downstream Oil and Gas Regulatory Agency head Fanshurullah Asa said.

BEAMSTART is a Hub for Startup News, Business Networking, and Entrepreneurial Resources. Expand your network, discover new possibilities, and tap into a vast database of resources that can help you go further in your business and career.

 

Download the App

The app for business networking and startup resources. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).