Indonesia's LPG Imports Surge to Record High in 2023

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Adi Ahdiat 10/06/2024 13:08 WIB

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According to data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia imported 6.95 million tons of LPG in 2023, a new record high in the last decade.

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Indonesia LPG Import Volume (2013-2023)

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Based on data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia imported 6.95 million tons of liquefied petroleum gas (LPG) throughout 2023.

The volume increased by 3.13% compared to 2022 (year-on-year/yoy) and set a new record high in the last decade.

This increase in imports occurred alongside a decrease in domestic LPG production and an increase in consumption.

The ESDM Ministry recorded that Indonesia only produced 1.98 million tons of LPG throughout 2023, a decrease of 0.56% (yoy).

Meanwhile, total demand or consumption increased by 1.73% (yoy) to 8.7 million tons.

Amidst these conditions, PT Kilang Pertamina Internasional (KPI) aims to increase Indonesia's LPG production from the Balikpapan Refinery Development Master Plan (RDMP) project.

"In the future, once the Balikpapan refinery development is completed, it can increase LPG production by approximately 330,000 metric tons per year," said PT KPI Corporate Secretary Hermansyah Y. Nasroen, as reported by Bisnis.com on Friday (February 9, 2024).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."