Indonesia’s gas imports increased by 33% on an annual basis in Q1 2017, according to Statistics Indonesia. The country imported a total of 1.4 mt of gas over the quarter, at a cost of $745 million. This averages out at $10.37/MMBtu. Indonesia faces high domestic gas prices, and the government has been introducing measures to keep costs for the fertiliser, petrochemical and steel industries below $6/MMBtu.
The cost of importing gas has grown substantially over the past six months and is now...
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