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No gas price hike in sight, vows SKK Migas
The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) says there is no government plan to raise upstream gas prices and supplies are sufficient to meet demand.
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The logo of the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) is pictured in an undated photograph. (Antara/File)
T
he Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) has said there is no government plan to raise upstream gas prices.
In a press release published on Thursday, SKK Migas also stated that the supply of gas was sufficient to meet domestic needs, including pipeline gas supply in Sumatra as well as liquefied natural gas (LNG) in various regions.
It noted that excess supply could be transferred out of areas with a gas surplus, like East Java.
“Gas production nationwide exceeds the current domestic gas consumption, which amounts to approximately 67 percent of the available gas production,” SKK Migas programs and communications division head Hudi D. Suryodipuro was quoted as saying in the statement.
As outlined in the release, SKK Migas is working with the government to lower upstream gas prices through an evaluation process, fiscal policies and implementing specific gas price regulations as part of the government's policy for a lower gas price.
Read also: Businesses call on govt to scrap planned gas price hike
Hudi said the upstream oil and gas industry fully supported efforts to enhance domestic gas uptake.
