Indonesia strengthens energy safeguards, says supply stable amid Middle East conflict


Indonesian authorities have moved to cushion the impact of global uncertainty and ensure fuel stability at home. - AP

JAKARTA:  Indonesia is ramping up efforts to secure its energy supply amid rising tensions in West Asia.

Authorities have moved to cushion the impact of global uncertainty and ensure fuel stability at home.

Expert Staff to the Energy and Mineral Resources Minister, Satya Hangga Yudha Widya Putra, said the government is intensifying mitigation measures, including diversifying import sources, expanding storage capacity, and managing fuel consumption.

"Indonesia still relies on imports, with lifting at around 600,000 barrels per day and consumption reaching 1.6 million barrels.

"However, national fuel stocks remain safe and under control,” he said, as reported by Antara News Agency on Thursday (March 26).

Putra said supply is being maintained through domestic refinery production and broader sourcing of imports from regions such as the United States, Latin America, Africa, and Australia.

He also stressed that Indonesia’s fuel reserves of 27 to 28 days are not static, as stocks are continuously replenished through ongoing production and imports.

"Supply remains maintained even as global prices increase,” Putra said.

He said to shore up long-term energy resilience, the government is developing additional oil storage facilities in Sumatra, in addition to accelerating transition to geothermal, solar, and wind, and expanding biodiesel blending from B40 to B50.

In the short term, measures such as a one-day work-from-home (WFH) policy per week are expected to reduce fuel consumption by as much as 20 per cent. - Bernama

 

 

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Indonesia , fuel , energy , West Asia , conflict

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