Indonesia to abandon 23% renewable energy target by 2025

Indonesia is planning to slash the targeted share of renewables in the national energy mix, a move seen by experts as a step back in the country’s ambition toward clean energy, while signaling its light-hearted attempt to part ways with fossil fuels.

Indonesia Allocates Rp186.9tn for Energy Subsidy Budget in 2024

The Ministry of Energy and Mineral Resources (ESDM) is allocating Rp186.9 trillion for this year’s energy subsidy budget. Minister Arifin Tasrif said the budget Rp113.3 trillion is allocated for subsidizing fuel oil and LPG, and Rp73.6 trillion goes for electricity subsidies.

VinFast to build RHD plant in Indonesia

VinFast Auto, part of Vietnam’s largest private conglomerate Vingroup, said it planned to build a battery electric vehicle (BEV) assembly plant in Indonesia to supply right hand drive countries in south east Asia.

Pertamina, KNOC sign deal on CCS at Indonesian rigs

Indonesian state-owned refiner and South Korean state-owned oil firm KNOC have signed a joint study agreement to develop rig-to-carbon capture and storage (CCS) at offshore oil and gas platforms in Indonesia.

Indonesia seeks cooperation from Vietnam in EV development

Industry Minister Agus Gumiwang Kartasasmita has invited Vietnam to cooperate in the development of several sectors, including the electric vehicle (EV) industry, green industry, food security, and supporting sectors such as research and development and human resources.