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Jumat, Mei 26, 2023

Minister of Energy and Mineral Resources Adjusts Prerequisites for Certain Natural Gas Users and Prices Within the Industrial Sector

Energy Manufacturing & Industry

The Minister of Energy and Mineral Resources ("Minister") has issued Decree No. 91.K/MG.01/MEM.M/2023 on Natural Gas Users and Prices Within the Industrial Sector ("Decree 91/2023"), which has been in force since 19 May 2023 and which replaces Decree of the Minister No. 134.K/HK.02/MEM.M/2021 ("Decree 134/2021"), which bore the same title.
As detailed comprehensively under the Appendix to Decree 91/2023, the applicable prices of natural gas that were originally set under Decree 134/2021 for the 2023 - 2024 period have now been adjusted. However, generally speaking, the applicable provisions that address prices and users remain similar to those that featured under Decree 134/2021 and were previously summarized in the following edition of Daily Updates: “Provisions on Certain Users and Prices of Natural Gas Within the Industrial Sector Updated”.
Newly featured under Decree 91/2023 are allocated natural gas volumes ("Volumes") for users of natural gas, which have now been determined based on the availability of natural gas supplies and/or the adequacy of state revenues. In terms of Volumes themselves, Decree 91/2023 now explicitly states that unabsorbed Volumes may be commercially sold (through the application of determined natural-gas prices) to other users that have been prioritized within the industrial sector.
Furthermore, Decree 91/2023 has now added several additional obligations that apply to natural-gas users, including: 1) Commercial sales of excess Volumes at determined prices if state revenue has been deemed inadequate; 2) Submission of required data for evaluation purposes; and 3) Implementation of energy conservation management (for users that are specifically mandated under relevant laws and regulations).

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The Minister of Energy and Mineral Resources ("Minister") has issued Decree No. 91.K/MG.01/MEM.M/2023 on Natural Gas Users and Prices Within the Industrial Sector ("Decree 91/2023"), which has been in force since 19 May 2023 and which replaces Decree of the Minister No. 134.K/HK.02/MEM.M/2021 ("Decree 134/2021"), which bore the same title.
As detailed comprehensively under the Appendix to Decree 91/2023, the applicable prices of natural gas that were originally set under Decree 134/2021 for the 2023 - 2024 period have now been adjusted. However, generally speaking, the applicable provisions that address prices and users remain similar to those that featured under Decree 134/2021 and were previously summarized in the following edition of Daily Updates: “Provisions on Certain Users and Prices of Natural Gas Within the Industrial Sector Updated”.
Newly featured under Decree 91/2023 are allocated natural gas volumes ("Volumes") for users of natural gas, which have now been determined based on the availability of natural gas supplies and/or the adequacy of state revenues. In terms of Volumes themselves, Decree 91/2023 now explicitly states that unabsorbed Volumes may be commercially sold (through the application of determined natural-gas prices) to other users that have been prioritized within the industrial sector.
Furthermore, Decree 91/2023 has now added several additional obligations that apply to natural-gas users, including: 1) Commercial sales of excess Volumes at determined prices if state revenue has been deemed inadequate; 2) Submission of required data for evaluation purposes; and 3) Implementation of energy conservation management (for users that are specifically mandated under relevant laws and regulations).

......

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Semua Fitur Paket Professional
Layanan Penerjemahan Peraturan
Precedent Hukumonline
Virtual Discussion

PROFESSIONAL

Rp 4.500.000

per bulan

Semua Fitur Paket Standard
Terjemahan Peraturan
Peraturan Konsolidasi
Premium Stories
Monthly Law Review (MLR)
Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

Indonesian Legal Brief (ILB)
Daily Updates
Bantuan Layanan Pencarian Peraturan
Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent

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