TheJakartaPost
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The government is mulling over several measures to secure natural gas supply for industries and households, including potentially allowing imports, amid declining domestic production and a projected rise in demand.
Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed the euro to 20-year lows. Analysts warned inflation in Britain could top 18 percent if energy prices were not restrained.
Speaking to German news organization RND, Filip Thon warned that the energy firm was already seeing wholesale retail prices 20 times higher and electricity prices eight times higher this spring than a year ago.
Indonesia’s largest gas distributor is keeping its options open to import cheaper gas to bring down prices and create a more supportive business environment for top-consuming industries as mandated by President Joko “Jokowi” Widodo.
