Indonesia needs to invest $70 billion to $80 billion in gas infrastructure through 2030 to avoid a potential gas shortage, as domestic consumption growth outpaces supply, state-owned energy business Pertamina said Tuesday.

Indonesia needs to invest $70 billion to $80 billion in gas infrastructure through 2030 to avoid a potential gas shortage, as domestic consumption growth outpaces supply, state-owned energy business Pertamina said Tuesday. An expanding economy and growing middle class are the key drivers of energy consumption, which continues to grow by around 4-5% a year. Natural gas accounts for approximately 15% of the country’s energy needs, and its growth is primarily supported by expanding demand from the power, refinery, fertilizer and transport sectors. “Indonesia needs new investment to explore and develop new gas resources and to build gas infrastructure,” said Yenni Andayani, chairman of Indonesia Gas Society and acting president director of Pertamina. Article continues below… LNG Daily is essential reading as LNG supply dynamics continue to change in big markets like Japan, China, India and the U.S. This premier independent news publication for the global LNG industry gives […]

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