Indonesia’s reliance on oil and gas imports could jump by 500% by 2025 unless action is taken. The stark warning was given by Eddy Tamboto, managing director of the Boston Consulting Group, speaking at the Indonesian Petroleum Association’s (IPA’s) conference in Jakarta. Tamboto added that the Indonesian government must implement a long-term strategic plan to boost output as domestic demand soars.
Analysts estimate the country will have a supply shortfall of 2.5 million barrels of oil equivalent per day (MMboe/d) in 2025 unless the former...
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