Natural gas currently accounts for 15% of Indonesia’s total energy consumption, about 1.4 tcf per year. Total gas production is currently 2.5 tcf per year and falling. [4] The differential between production and domestic use, 900 billion cubic feet per year, is currently exported (16 mtpa) and is expected to turn negative early in the 2020s Business. Economy. Download. Whilst the long-term aim has to be to move to 100% renewable energy sources, Natural Gas presents an appealing alternative to other fossil fuels in many ways, and Indonesia is actually a producer of this type of energy. With much of the natural gas sources being located far from the countries manufacturing industry to reserve 25% of their oil and gas production for the domestic market. According to the BP 2022 Report, Indonesia produced 59.3 3billion m natural gas in 2021, and consumed 337.1 billion m natural gas in 2021. 1.4 To what extent is your jurisdiction’s natural gas production exported (pipeline or LNG)? Nearly half of Indonesia’s gas Indonesia’s natural gas production market share has actually decreased in recent years. Along with Indonesia's effort to realign natural gas to domestic needs (in line with its 2006 policy), Indonesia still maintains its position as the seventh largest exporter of LNG in 2021 and 2022, behind Qatar, Australia, US, Russia, Malaysia and Nigeria. Safety, Health & Security. ConocoPhillips is an independent exploration and production (E&P) company headquartered in Houston, Texas. We explore for, produce, transport and market crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. As of Sept. 30, 2023, we had operations and activities in 13 Production of methanol from natural gas faces two major challenges, which is the fluctuating price of the feedstocks and declining supply. Given the coal reserves in the country, coal downstreaming offers a way to keep developing the methanol industry in Indonesia. fJTI.

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