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Project Insights

Indonesia set to nationalise more gas assets after Jokowi victory

The re-election of Joko Widodo as president is likely to see continued resource nationalism in the Southeast Asian country The re-election of Joko Widodo as president is likely to see continued resource nationalism in the Southeast Asian country.
By Damon Evans 24 April 2019 Asia Pacific / Policy & Regulation 0 34160
The Tangguh LNG facility in Indonesia. (BP plc)

Indonesian President Joko Widodo has clinched a second five-year term following the presidential elections on 17 April. His re-election means IOCs should brace themselves for further government-led asset grabs.

Widodo, popularly known as ‘Jokowi’, has bolstered resource nationalism in Southeast Asia’s biggest hydrocarbons producer. Last year, he oversaw Indonesia’s takeover of Mahakam, the country’s biggest producing gas field, from France’s Total, and Rokan, its most productive oilfield, from US major Chevron.

The government has awarded state-backed Pertamina more than 10 expiring oil and gas blocks in recent...