CNG Compressed Natural Gas CoD Certificate of Domicile DEN Dewan Energi Nasional (National Energy Council) Oil and Gas in Indonesia Investment and Taxation Guide 11 Some softening of prices has been seen in the first half of 2019, with West Texas Intermediate (WTI) below US$ 60/barrel at the end of July.
Indonesian crude oil price (USD/barrel) 51 67 62 40 55-65 63 Crude oil production (thousand barrels per day) 804 778 746 707 680-705 703 Natural gas production (thousand barrels of oil equivalent per day) 1,142 1,145 1,057 983 987- 1,007 1,036 Budget deficit (2.51) (1.81) (2.20) (6.14) (5.82) (4.85) Source: Republic of Indonesia, 2021
According to the report, the cost for small-scale LNG supply chains could reach 30-50% of the total gas price, whereas conventional LNG supply chains typically account for 10-20% of the gas price.
Exploration and production. EIA estimates Indonesia produced 2.2 Tcf of dry natural gas in 2020, mostly from offshore fields not associated with crude oil production. Production had remained relatively stable, fluctuating between 2.5 Tcf and 2.6 Tcf from 2014 to 2018, until it decreased to 2.3 Tcf in 2019.
Asia Pacific Australia backs UN resolution for Gaza ceasefire in rare split with US December 12, 2023. Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per
Natural resources in Indonesia Premium Statistic GDP from electricity and gas Indonesia 2014-2022 Premium Statistic Average electricity selling price by PLN Indonesia 2022,
According to the BP 2021 Report, there were 2.4 billion barrels of proven oil reserves in Indonesia as of the end of 2020, putting Indonesia at number 22 among the world's oil producers. Oil production reaches 692,000 barrels of oil per day. This is a 6.8% decrease from the production rate in 2021.
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indonesia natural gas price