New gas law offers Indonesia glimmer of hope18 May 2017
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.
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