Indonesia warns it could review energy exports based on mutual respect
What happened
President Prabowo Subianto called on Indonesia to safeguard its natural resources and prioritize national interests. Coordinating Minister for Downstreaming and Energy Transition Bahlil Lahadalia stated that Jakarta could review energy export agreements. He warned that Indonesia would consider stopping exports to countries that do not respect Indonesia, though he did not name any specific countries.
From businesstimes.com.sg
Why it matters
The potential review of energy export agreements relates to Indonesia's national policy regarding resource protection. This action could impact the revenue of Indonesian state-owned energy companies and require the Ministry of Trade to manage the agreements.
From businesstimes.com.sg
Who's involved
- Prabowo SubiantoPresident of the Republic of Indonesia, directing national policy
- IndonesiaThe geopolitical state whose resources and export policy are being discussed
- Bahlil LahadaliaCoordinating Minister for Downstreaming and Energy Transition, making the statement regarding export review
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ChinaSpeculative
China might face supply disruptions if Indonesia reviews gas export contracts.
- SingaporeSpeculative
Singapore could see changes in energy supply due to the potential review of gas export contracts.
- PertaminaSpeculative
Pertamina may see changes in revenue if energy export agreements are reviewed or suspended.
- Ministry of TradeSpeculative
Ministry of Trade could be required to manage the review and potential suspension of energy export agreements.
Keep exploring
The entities involved
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Prabowo Subianto
President of the Republic of Indonesia
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Indonesia
island country in Southeast Asia and Oceania
Related events
- Prabowo Subianto is the incumbent Defense Minister of Indonesia.
- Prabowo led the Indonesian administration and addressed cabinet members in Jakarta.
- Prabowo's administration tightens resource oversight while key ministers and lawmakers are confirmed.
- Prabowo Subianto is the President of Indonesia, and Jakarta is the capital of the country.
- President Prabowo Subianto leads a major policy pivot for Indonesia, with Foreign Minister Sugiono involved, impacting the viability of the Southeast Asian bloc.