What is the price of Indonesian gas?

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30/08/2017 14:46 WIB

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Indonesia Gas Prices by Distribution Channel 2012-2016

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What is the price of Indonesian gas?

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Indonesia Gas Prices by Distribution Channel 2012-2016

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The global crude oil price decline from mid-2014 to early 2016 impacted Indonesian gas prices, causing them to plummet. Throughout 2015-2016, domestic gas prices fell by more than 30 percent annually. Export gas prices in the form of Liquefied Natural Gas (LNG) experienced the steepest decline, while domestic gas prices via pipeline networks saw the smallest drop.

According to SKK Migas data, the weighted average price of Indonesian LNG exports in 2016 plunged nearly 48 percent to US$4.52 per MMBTU. Domestic LNG prices also fell by 47.5 percent to US$3.25 per MMBTU.

Meanwhile, the export price of pipeline gas in 2016 decreased by 31 percent to US$5.32 per MMBTU. Domestic pipeline gas prices, however, only dropped by 15 percent to US$4.8 per MMBTU.

"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."