Chris Newton, Risco Energy
Why Indonesia’s widening oil and gas deficit is pressuring the economy and how domestic production can narrow the gap.
Indonesia’s National Energy Policy seeks energy independence, yet the oil and gas deficit currently stands at US$1bn a month and is weighing on the nation’s economy. Continued domestic production decline and reliance on imports to fill the gap will expand the deficit to US$6bn a month or higher by 2025. Achieving energy independence means attracting investment to raise domestic production.
Risco’s Chris Newton explores the upside potential of domestic production and its need for stimulation. Read Chris' full length version of "Mind the increasing gap", which is article 07 of a total seven articles published in Risco Insights Quarterly No1.