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Oil and gas sector remains crucial growth driver for Indonesia

September 08, 2021

The Star:

The oil and gas sector will remain one of the key growth drivers for Indonesia in years to come despite a steady global shift to renewable energy, a minister has said.

Energy Minister Arifin Tasrif said the government was currently devising the National Grand Energy Strategy containing several goals, including increasing oil and gas production and reducing carbon emissions.

“A measured transition process is necessary, and the oil and gas sector remains of strategic importance in this transition,” he said during the Indonesian Petroleum Association Convention and Exhibition.

The government aims to reduce oil imports through various measures, including greater reliance on the country’s abundant natural gas resources for domestic use and pushing electric vehicle (EV) adoption.

More: Oil and gas remain crucial to Indonesia

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