Indonesia Proposes $10bn Oil & Gas Import from U.S.

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Indonesia Proposes $10bn Oil & Gas Import from U.S.

Algo Research Team

Industry | Apr 23, 2025 | Views: 254

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Key Summary:

Indonesia plans to increase US oil & gas imports this year
This is to satisfy US' demand to reduce Indonesia trade surplus
Shifting existing quotas to buy US oil, so total import volume stays

In light of trade negotiation between Indonesia and United States, the Ministry of Energy & Mineral Resources (ESDM) has proposed to increase oil & gas imports from US to satisfy the requirement of reducing our trade surplus.

Context: The proposal is part of a broader effort to hopefully prevent US applying 32% reciprocal tariff on Indonesia that is slated to be implemented in the next 80 or so days.

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