Indonesia’s energy industry saw shortfalls across most sectors in 2019 as the country faced economic uncertainties, from the general election at home to Brexit and to the United States-China trade war. Data from the Energy and Mineral Resources Ministry released on Dec. 9, 2019 showed that investments totaling US$31.9 billion in the sector were significantly lower than the year’s target of $33.4 billion, as well as the $32.9 billion targeted the previous year. The shortfall in energy investment corresponded with decreased investment in renewables, oil and gas and mining industries — in that order. Investments were on target and higher than the previous year only in the electricity industry. “[The ministry] will no longer be a factory of rules, but a facilitator of industry growth,” Energy and Mineral Resources Minister Arifin Tasrif said, expressing...

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