Indonesia is diversifying its global oil partnerships to strengthen energy security and protect its economy from external shocks, particularly amid Middle East tensions. The government is prioritizing stable supply and competitive prices by engaging with a wide range of international partners, including non-traditional suppliers. Indonesia’s Energy Minister Bahlil Lahadalia emphasized that the country’s top priority is the “total protection” of domestic energy availability to support both industry and households. Despite global crude prices exceeding US$100 per barrel, Indonesia has maintained subsidized fuel prices to safeguard consumer purchasing power. Current reserves of fuel, LPG, and coal remain at safe levels, with coal stockpiles covering 14–15 days of demand. The government is prepared to reassess fiscal resilience in the second quarter of 2026 and is considering demand-side measures like work-from-home policies if needed. This diversification strategy reflects a pragmatic, security-first approach in Indonesia’s energy diplomacy. By widening its procurement base and keeping options open with partners worldwide—including potential engagement with Russia—Jakarta aims to reduce vulnerability to global disruptions. The move signals a shift toward flexible, interest-driven energy policy, ensuring resilience regardless of where future shocks originate.Source: https://indonesiabusinesspost.com/6346/energy-and-resources/strategic-diversification-indonesia-casts-a-wider-net-for-global-oil-partners-to-shield-its-economy (ICE GIACARTA)

Fonte notizia: Indonesia Business Post, 19 March 2026