Indonesia’s average gas demand growth over the last five years was about 1.1 per cent, Arcandra Tahar told a panel session at the Singapore International Energy Week conference
SINGAPORE: Indonesia will not need to import any gas until at least 2027 if its average gas demand growth rate is maintained at just over 1 per cent, the country’s vice minister of energy and mineral resources said on Tuesday.
Indonesia’s average gas demand growth over the last five years was about 1.1 per cent, Arcandra Tahar told a panel session at the Singapore International Energy Week (SIEW) conference.
The country plans to meet its demand growth from existing fields until then if there is no big uptick in needs. “Up to 2027, we believe our domestic demand can be fulfilled by existing production internally,” the official said.
Indonesia has committed to buying liquefied natural gas from the United States, starting from 2018, but has been reselling the cargoes after pushing back the date at which it might need to rely on imported gas.
If demand accelerates sharply, the official said that date might be brought forward.
“If we assume (demand) growth of 5.5 per cent, in 2024 there is possibility that we are going to import gas in the form of LNG,” he said.
