Indonesia ranks second as the country most resilient to global energy\nshocks. This is based on the Eye on the Market report published by J.P.\nMorgan Asset Management titled Pandora\u2019s Box: The Global Energy Shock of\n2026, released on 21 March 2026.<\/p>\n
Responding to this, Coordinating Minister for the Economy Airlangga\nHartarto stated that the recognition from J.P. Morgan reflects the\ncollective efforts across ministries and agencies in maintaining\nnational energy resilience.<\/p>\n
\u201cThis result is not merely an appreciation of the current situation,\nbut a validation of the government\u2019s long-term policy choices in\nmaintaining a balance between utilising domestic energy sources and\naccelerating the energy transition,\u201d Airlangga said in an official\nstatement quoted on Thursday (23\/4\/2026).<\/p>\n
Furthermore, Airlangga explained that amid global energy price\nvolatility, this position provides more controlled fiscal space for the\n2026 state budget and helps protect public purchasing power as well as\nthe continuity of business activities.<\/p>\n
He also emphasised that this achievement does not make Indonesia\ncomplacent about remaining risks.<\/p>\n
\u201cThe government continues to strengthen several policy directions,\nincluding optimising domestic oil and gas production to reduce the oil\nand gas trade deficit and strengthen non-tax state revenue, accelerating\nthe energy transition through the development of new renewable energy\n(EBT) in line with the National Energy Master Plan (RUKN) and the\nElectricity Supply Business Plan (RUPTL), expanding the adoption of\nbattery-based electric motor vehicles (KBLBB) as a structural strategy\nto reduce dependence on oil, as well as diversifying energy supply\nsources and logistics routes to strengthen resilience against\ngeopolitical risks,\u201d he said.<\/p>\n
As noted, the J.P. Morgan report analyses 52 countries representing\naround 82% of global energy consumption, using the total insulation\nfactor indicator, a composite measure aggregating four main components\nof domestic energy sources\u2014domestic gas production, domestic coal\nproduction, nuclear power generation, and renewables\u2014as a percentage of\nnational final useful energy.<\/p>\n
Indonesia recorded an insulation factor of 77%, just slightly below\nSouth Africa (79%) and above China (76%) and the United States\n(70%).<\/p>\n
Indonesia\u2019s energy resilience is primarily supported by the\nsignificant contribution of domestic coal production, which meets around\n48% of national final energy consumption, domestic natural gas at 22%,\nand renewables at 7%.<\/p>\n
In the report, J.P. Morgan explicitly groups Indonesia with China,\nIndia, South Africa, Vietnam, and the Philippines as countries that\nsubstantially benefit from domestic coal production during the energy\nshock period.<\/p>\n
Indonesia is also assessed to have a very low direct exposure to\nglobal energy distribution routes currently in the spotlight.<\/p>\n
Oil and gas imports through the Strait of Hormuz only account for\nabout 1% of total national primary energy consumption, far below East\nAsian countries such as South Korea (33%), Taiwan and Thailand (27%),\nand Singapore (26%).<\/p>\n
In contrast, the report highlights advanced countries like Italy,\nJapan, South Korea, Singapore, and the Netherlands as the most\nvulnerable due to their high dependence on oil and gas imports.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jp-morgan-says-indonesia-can-withstand-energy-crisis-here-is-airlanggas-response-1776988298", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }