{"id":179192,"date":"2020-01-06T22:31:54","date_gmt":"2020-01-06T15:31:54","guid":{"rendered":"https:\/\/setkab.go.id\/?p=179192"},"modified":"2020-01-08T11:46:48","modified_gmt":"2020-01-08T04:46:48","slug":"president-jokowi-calls-for-more-competitive-gas-prices","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/president-jokowi-calls-for-more-competitive-gas-prices\/","title":{"rendered":"President Jokowi Calls for More Competitive Gas Prices"},"content":{"rendered":"
\"\"

President Jokowi accompanied by Vice President KH. Ma’ruf Amin chairs a limited meeting on Gas Availability for Industry, at the President’s Office, Jakarta, Monday (6\/1). (Photo by: Jay\/PR)<\/p><\/div>\n

Gas is not only a commodity but also development capital that will strengthen national industry, according to President Joko \u201cJokowi\u201d Widodo.<\/p>\n

The President added that seven industrial sectors consume about 80 percent of Indonesia\u2019s gas supply, including for electricity production, chemical substances, food, ceramic, steel, fertilizer, and glass industries.<\/p>\n

\u201cThis means that when gas portion is substantial for the structure of production costs, gas prices will greatly affect the competitiveness of our industrial products on the global market. Our products continue to lose edge because of high industrial gas prices,\u201d the President said in his introductory remarks at a limited meeting on the Gas Availability for Industry at the Presidential Office, Jakarta, Monday (56\/1).<\/p>\n

To that end, the President called on his Cabinet to calculate gas prices to make it more competitive and to examine the cause of high gas prices, starting from the upstream, midstream to downstream sectors.<\/p>\n

The President also asked for an update on the implementation of Presidential Regulation Number 40 of 2016 on the Determination of Natural Gas Prices to find out whether obstacles prevail in the field, mainly in the industrial sectors that have been determined as users of the gas price reduction desired by the Government.<\/p>\n

For the record, the President has considered three options, among others, by \u201creducing or even eliminating\u201d the Government\u2019s share of earnings from gas sales \u2013 about US$2.20 per 1 million British thermal units (mmbtu), implementing domestic market obligation (DMO) policy so that so that prices can be maintained, and easing imports of gas for industry.<\/p>\n

President Jokowi further said that since 2016, industrial gas price has not been settled so that a breakthrough must be sought, adding that two other options are also to be taken into account, namely protecting industries or protecting gas players. (TGH\/SM\/JAY\/ES)<\/p>\n

Translated by: Muhardi<\/p>\n

Reviewed by: M. Ersan Pamungkas<\/p>\n","protected":false},"excerpt":{"rendered":"

Gas is not only a commodity but also development capital that will strengthen national industry, according to President Joko \u201cJokowi\u201d Widodo. The President added that seven industrial sectors consume about 80 percent of Indonesia\u2019s gas supply, including for electricity production, chemical substances, food, ceramic, steel, fertilizer, and glass industries. \u201cThis means that when gas portion […]<\/p>\n","protected":false},"author":43,"featured_media":179193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77,66],"tags":[],"class_list":["post-179192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized-en"],"acf":[],"yoast_head":"\nPresident Jokowi Calls for More Competitive Gas Prices - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/president-jokowi-calls-for-more-competitive-gas-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Jokowi Calls for More Competitive Gas Prices - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"Gas is not only a commodity but also development capital that will strengthen national industry, according to President Joko \u201cJokowi\u201d Widodo. 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