New gas law offers Indonesia glimmer of hope

By Damon Evans 18 May 2017
  • Twitter logo
  • LinkedIn logo
  • facebook logo
  • Email logo
A flow station off the Indonesian coast. The country has attracted little interest in its offshore acreage. (SKKMigas) A flow station off the Indonesian coast. The country has attracted little interest in its offshore acreage. (SKKMigas)

Indonesia’s long-awaited draft oil and gas law will be implemented by the end of 2017, according to Ignasius Jonan, the country’s energy minster. The legislation could help spur much-needed investment.

"The draft law will be sent to President [Joko Widodo] by the end of June for the formal dialogue with the government to start […] we will try to avoid additional bureaucracy and liberalise the sector, but it’s a political process," Jonan told delegates at the Indonesian Petroleum Association’s (IPA’s) annual conference in Jakarta.

"Parliament, politicians and the government all agree that the law must be completed by the end of the year," he added.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up