Indonesia's Oil Reserves to Run Out in 18 Years, Coal Reserves to Last Longer

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Adi Ahdiat 29/12/2023 15:04 WIB

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According to the Central Bureau of Statistics, Indonesia's oil reserves are only sufficient for 18 more years of extraction, natural gas for 29 years, and coal for 62 years.

Remaining Life of Indonesian Coal, Natural Gas, and Oil Resources (2022)

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Remaining Life of Indonesian Coal, Natural Gas, and Oil Resources (2022)

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Crude oil, natural gas, and coal are non-renewable energy resources that will be depleted with continued use.

According to estimates from the Central Statistics Agency (BPS), Indonesia's crude oil reserves can only be extracted for another 18 years, natural gas for 29 years, and coal for 62 years.

The BPS calculated these estimates based on the ratio of physical stock/end-of-2022 reserves to the extraction rate in recent years.

In line with the short "remaining lifespan" of crude oil, the use of fuel oil (BBM) in Indonesia is predicted to continue declining.

In the Electricity Supply Business Plan (RUPTL) 2021-2030, the government projects that the share of BBM in the national energy mix will fall from 3.52% (2021) to 0.40% (2030).

The share of natural gas is also projected to fall from 16.58% (2021) to 15.44% (2030), and coal will decrease from 66.98% (2021) to 59.37% (2030).

To compensate for the decrease in fossil fuels, the government targets that the share of new and renewable energy (EBT) will continue to increase from 12.6% (2021) to 24.8% (2030).

However, according to a report from the Ministry of Energy and Mineral Resources, until the end of 2022, the growth of EBT in Indonesia remained slow.

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."

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Indonesia's Oil Reserves to Run Out in 18 Years, Coal Reserves to Last Longer

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