Indonesia's Gas Production Falls to Lowest Level Since 1974

19/06/2017 17:14 WIB

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Indonesia's Natural Gas Production and Consumption: 2000-2016

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Indonesia's Gas Production Falls to Lowest Level Since 1974

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Indonesia's Natural Gas Production and Consumption: 2000-2016

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Indonesia's natural gas production in 2016 fell by 7.4 percent to 62.7 million tonnes oil equivalent (toe). This marks the sixth decline since 2011 and the steepest drop since 1974. Decreased production from existing wells due to depletion and a lack of new well exploration led to this decline in domestic gas production. According to BP data, Indonesia's natural gas production peaked in 2010 at 77.1 million toe.

Similarly, domestic gas consumption in 2016 also fell by 6.77 percent to 33.9 million toe. This is the second decline since 2015 and represents the lowest consumption since 2008. Gas consumption peaked in 2010 at 39.1 million toe.

Indonesia's gas production accounts for only two percent of the world's total gas production of 3.2 billion toe. Domestic gas consumption represents approximately 1.1 percent of global gas consumption, also totaling 3.2 billion toe.

"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."