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NEWS UPDATES Asean Affairs     February 8,  2017  






Indonesian gas prices still competitive

Indonesia's natural gas prices are still competitive although they have risen over the years due to poor infrastructure, says Deputy Energy and Mineral Resources Minister Archandra Tahar.

"At the beginning of the 2000s, gas prices and the cost of distribution were still affordable for industries. Starting in late 2014, the price of pipeline gas became costly compared to liquefied natural gas (LNG)," he said in his welcome speech at the 8th IndoGas conference in Central Jakarta on Tuesday.

"However, Indonesia's domestic pipe gas price is still below the world's statistical average."

Domestic prices of piped gas average around US$9 per million British thermal units (mmbtu), while the LNG spot prices could be as low as $5 per mmbtu.

In 2015, global gas prices for both piped gas and LNG fluctuated between $3 and $12 per mmbtu.

The government has been working hard to slash prices for certain industries and has cut prices to around $6 per mmbtu for state-owned firms in the petrochemical, fertilizer and steel industries.

Furthermore, the Energy and Mineral Resources Ministry recently issued a ministerial decree allowing electricity producers to import LNG if prices of local piped gas exceed 11.5 percent of the Indonesian Crude Price (ICP).


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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