ID :
59110
Wed, 05/06/2009 - 10:59
Auther :
Shortlink :
https://www.oananews.org//node/59110
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INDONESIA TO PRIORITIZE BOOSTING DOMESTIC GAS MARKET
Jakarta, May 5 (ANTARA) - President Susilo Bambang Yudhoyono said here on Tuesday that the government would prioritize increasing the domestic gas market.
"The new paradigm in our gas policy is boosting the domestic gas market," he said when opening the 33rd Indonesian Petroleum Association (IPA)'s Annual Convention and Exhibition at the Jakarta Convention Center.
He said with the implementation of the kerosene-to-gas conversion program around 52 million families or 70 percent of households in the country would soon consume 70 percent of the country's total gas production.
"Gas demand would increase in line with reduction of fuel subsidy and economic and energy use growth," he said.
In the past few months, he said, 46 percent of the country's natural gas production had been absorbed by domestic market.
He said development and extension of petrochemical industries in the country would increase energy consumption in the future. "Most of it could be met by natural gas," he said.
Yudhoyono said Indonesia had several natural gas projects which were expected to be able to secure natural gas supply for domestic needs and exports.
"They will also have trickle down effects namely jobs and business opportunity, including the projects in Senoro Donggi, Masela, Makassar deep sea and Tangguh," he said.
On the occasion he also mentioned investment needs for infrastructure development to narrow the width between gas exploration locations with domestic market.
The president said although the government would increase domestic market it did not intend to stop exports. "We will not stop exports because almost three decades Indonesia has played an important role in the region as energy supplier," he said.
On the occasion President Yudhoyono also witnessed the signing of contracts for 12 oil and gas blocks, three coal methane gas blocks and five gas purchase agreements.
The theme for the convention this time was "Managing Resources and Delivering Energy in a Challenging Environment" reflecting the challenges of gas and oil industry in the midst of global recession and declining oil and gas prices.
"The new paradigm in our gas policy is boosting the domestic gas market," he said when opening the 33rd Indonesian Petroleum Association (IPA)'s Annual Convention and Exhibition at the Jakarta Convention Center.
He said with the implementation of the kerosene-to-gas conversion program around 52 million families or 70 percent of households in the country would soon consume 70 percent of the country's total gas production.
"Gas demand would increase in line with reduction of fuel subsidy and economic and energy use growth," he said.
In the past few months, he said, 46 percent of the country's natural gas production had been absorbed by domestic market.
He said development and extension of petrochemical industries in the country would increase energy consumption in the future. "Most of it could be met by natural gas," he said.
Yudhoyono said Indonesia had several natural gas projects which were expected to be able to secure natural gas supply for domestic needs and exports.
"They will also have trickle down effects namely jobs and business opportunity, including the projects in Senoro Donggi, Masela, Makassar deep sea and Tangguh," he said.
On the occasion he also mentioned investment needs for infrastructure development to narrow the width between gas exploration locations with domestic market.
The president said although the government would increase domestic market it did not intend to stop exports. "We will not stop exports because almost three decades Indonesia has played an important role in the region as energy supplier," he said.
On the occasion President Yudhoyono also witnessed the signing of contracts for 12 oil and gas blocks, three coal methane gas blocks and five gas purchase agreements.
The theme for the convention this time was "Managing Resources and Delivering Energy in a Challenging Environment" reflecting the challenges of gas and oil industry in the midst of global recession and declining oil and gas prices.
