An article by Hanan Nugroho, The Jakarta Post.
Formerly the only Asian member of the Organization of the Petroleum Exporting Countries (OPEC), and one that is still among Asia’s largest exporters of fossil fuels, Indonesia has become a significant importer of energy amid the region’s large energy market.
Steady economic growth and increasing energy demand, combined with a decline in domestic oil production have led Indonesia to become a major energy importer and a net oil importer since 2006, which forced it to quit OPEC in 2008.
Indonesia’s consumption of gasoline has been increasing quite fast (by more than 10 percent per annum in recent years), driven mostly by a high growth in car and motorcycle ownership, as well as the government’s tremendous fuel subsidies.
It is predicted that before 2020, Indonesia will become the world’s largest importer of gasoline. By that time, our gasoline deficit will be around 450,000 barrels per day (bpd), from the current 350,000 bpd.
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