Pertamina, an integrated energy company, is the largest state-owned company of Indonesia. It conducts operations in the exploration and production of oil & gas, both national and international, and is also active in the development of renewable energy sources, such as geothermal energy and coalbed methane (CBM) gas. Pertamina's downstream activities cover processing, marketing, trading and shipping of its commodities. Its oil and gas exploration activities are conducted through its subsidiaries Pertamina EP, Pertamina Hulu Energi and Pertamina EP Cepu.

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Bloomberg reported that the investment agency of Indonesia's finance ministry will start a fund of IDR 3 trillion (USD $302 million) to finance the exploration of geothermal energy resources in Indonesia this year. Saritaon Siregar, the agency’s chairman, said this in an interview at a conference in Jakarta this week. The investment fund is in line with Indonesia's intention of lowering its dependency on expensive and environmentally unfriendly fossil fuels as a source for energy and electricity.

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Perusahaan Gas Negara (PGN) is a government controlled gas firm that forms Indonesia's largest natural gas transportation and distribution company. It operates a distribution network that extends for 3,865 kilometers and a transmission pipeline network that measures 2,047 kilometers. PGN plays an important role in Indonesia's electricity production as it sells about 40 percent of its total sales volume to the country's power generation industry. It also forms one of the largest Indonesian companies in terms of market capitalization.

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The government of Indonesia expects inflation to rise to 7.2 percent in 2013 because of the increase in the price of subsidized fuel in June, and expects it to ease to 4 percent in both 2014 and 2015 provided that good monetary policy is implemented. This good monetary policy should particularly be targeted at maintaining food security. The projections were presented by the Fiscal Policy Agency (Badan Kebijakan Fiskal), the Ministry of Finance, and Indonesia's central bank Bank Indonesia.

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Oil production in Indonesia is targeted to be lifted to 1 million barrels per day (bpd) by October or November 2014 according to SKK Migas, the government unit that manages upstream activities in Indonesia's oil and gas sector. Crude oil production in the first quarter of 2013 was 830,900 bpd, eight percent lower than the target in the country's state budget. Indonesia's oil output has fallen steadily in the last decade due to a lack of exploration and other investments in the sector that was once the engine of Indonesia's economic growth.

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Indonesia's central bank (Bank Indonesia) expects the Indonesian economy to grow between 6.3 and 6.8 percent in 2013, supported by strong domestic consumption and foreign investment, with inflation rising by about 4.5 percent. Indonesian exports are expected to increase due to better global demand for Indonesia's commodities such as coal and palm oil, with commodity prices rising accordingly. But some problems in Indonesia's financial system remain to be solved.

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Energy is certainly the ‘thing’ to watch in the years, well decades, ahead. Amid heavy political pressures from the West, the world is heading for an unprecedented energy transition in which fossil fuels are going to be replaced by renewable energy sources. This is certainly great news for the environment (but whether the energy transition can ease, let alone stop, climate change – which is cited as the goal of this transition – seems iffy though).

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Currently, coal certainly ranks among the most interesting commodities. On the one hand, Indonesia expressed its commitment to reduce consumption of this dirty fossil fuel (that is especially used as raw material for the generation of electricity in power plants but also in various manufacturing industries such as the cement industry and textile industry) as the country seeks to become ‘carbon neutral’ by 2060 (although many doubt to what extent Indonesia is really committed to this ambition; after all, it has more immediate concerns such as the dozens of millions of Indonesians living below, and just above, the national poverty threshold).

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The Energy and Mineral Resources Ministry of Indonesia has recently been making efforts to encourage the development of solar energy around this vast Archipelago. On 20 August 2021 it issued Energy and Mineral Resources Ministry Regulation No. 26 of 2021 on Solar Rooftop Connected to the Grid of Power Supply Business License for Public Interest Holders (henceforth: Regulation 26/2021).

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Besides the novel coronavirus (COVID-19) outbreak, another big news story in March 2020 was the massive decline of global crude oil prices. Not only is the price of oil under pressure because of the enormous slowdown in economic activity as various governments have imposed restrictions (such as travel bans) in an attempt to curb the further spread of the coronavirus, but there also emerged big tensions between some of the world’s biggest oil producers that led to tumbling oil prices.

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Shares of Perusahaan Gas Negara, the largest natural gas transportation and distribution company in Indonesia, are showing spectacular growth in 2018. On Tuesday (23/01) the company's shares surged 8.91 percent to IDR 2,690 a piece. So far this year, its shares have grown a whopping 53.71 percent. What is the story behind this spectacular performance?

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Amid rising mining commodity prices, Indonesian coal mining company Adaro Energy saw its share price surge at the start of 2018. The mining index is actually the best-performing index so far this year in Indonesia, rising 13.58 percent since the start of the year. Being a mining company - or more precisely an energy company (as it recently entered the power generation sector) - Adaro Energy is among the major beneficiaries.

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Chandra Asri Petrochemical, one of Indonesia's largest petrochemical companies, is busy with (at least) four projects that should boost the company's performance in the future. The four projects involve the expansion of its butadiene plant, development of a synthetic butadiene rubber plant, development of a coal gasification plant, and expansion of its second petrochemical plant.

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Mitsubishi Hitachi Power Systems Ltd (MHPS), the Japan-based manufacturer of thermal power generation systems, started construction on the Cirebon Coal-Fired Power Plant Expansion Project in Indonesia's West Java province.

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As Indonesia is increasingly focusing on renewable energy sources, the potential of geothermal power in Indonesia is usually in the spotlight. However, the potential of ocean thermal energy conversion (OTEC) is seldom mentioned, while it is estimated that Indonesia's OTEC potential is around 41,000 megawatt (MW), among the biggest worldwide.

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In 2018 Indonesia is expected to become the world's second-biggest geothermal energy producer, surpassing the Philippines that now lies second after the United States. Meanwhile, Indonesia's Energy and Mineral Resources Ministry projects Indonesia to become the world's largest geothermal power producer by 2021. These developments are based on ongoing geothermal development in Southeast Asia's largest economy.

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