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View all search resultsThe decision to cancel the price hike came from the Energy and Mineral Resources Ministry, which owns a majority of PGN through state-owned energy holding company Pertamina. In a carefully worded statement, PGN said the ministry’s decision was regrettable because the company would have used the higher revenue margins to finance expanding its gas distribution network.
As the nation prepares for the upcoming elections, issues relating to energy nationalism will spark debate among its supporters and detractors, especially after the government’s move to take control of copper miner Freeport Indonesia and the Rokan oil and gas block.
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