OVERVIEW

Indonesia’s oil bonanza would seem to be well and truly over, what with the country leaving the Organization of Petroleum Exporting Countries (OPEC), and after many years of declining lifting production due primarily to mismanagement. The government has now shifted its focus to the natural-gas sector, which sits directly parallel to the oil industry. Currently an exporter of natural gas, Indonesia is changing its energy outlook and eventually aims to become a nation that is self-sufficient in this abundant energy source. This is undoubtedly a realistic target, in light of the fact that Indonesia is home to an estimated 103.3 TCF (Trillion Cubic Feet) of natural gas reserves, making it the country with the fourteenth largest such reserves in the world.[1]