New gas law offers Indonesia glimmer of hope

Indonesia is hoping revised legislation will attract much-needed investment to its upstream sector Indonesia is hoping revised legislation will attract much-needed investment to its upstream sector.
By Damon Evans 18 May 2017 0 25960
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...

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