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Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST


The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and natural gas to allow domestic energy consumers to substitute their oil demand with cheaper energy resources, an expert says.

Industries and the state electricity company (PLN) face great difficulties keeping their primary energy source costs down because of the limited availability of coal and natural gas on the domestic market, National Energy Council (DEN) member Herman Darnel Ibrahim said Thursday.

"Producing energy from coal and natural gas is cheaper than using oil, so we have to be more conservative in export policies," Herman said at the first plenary session of the Indonesia Petroleum Association (IPA) 35th Annual Convention and Conference at the Jakarta Convention Center.

He emphasized the importance of improving energy conservation by minimizing the use of oil and securing the country's energy needs with coal and natural gas.

"We have to replace extensive oil use by the industrial, household, service and electricity sectors."
Source: The Jakarta Post



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Recent News

Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry ...


Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
COALspot.com - Indonesia shipped 28.962 Million tons of coal  in May 2011, up by 15.86 percent compared to April export of about  24.995 m ...


Tuesday, 21 June 11
SURGE IN PRODUCTION AND PRICES TO PUSH BUKIT ASAMS NET PROFITS ABOVE RP 3T - THE JAKARTA GLOBE
State-owned coal company Perusahaan Tambang Batubara Bukit Asam expects its net income to increase about 50 percent this year on the back of rising ...


Tuesday, 21 June 11
COURT BATTLE PUTS MASSIVE COAL PROJECT IN JEOPARDY - KOREA JOONGANG DAILY
As Korean companies race to exploit Indonesia’s abundant natural resources, two companies have been locked in a court case that has become so ...


Tuesday, 21 June 11
DRY BULK MARKET TURNS RED AGAIN ON VESSEL OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk entered this week on a negative turn, with the industry’s benchmark the Baltic Dry Index (BDI) retreating by 0.35% to end the ses ...


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