{
    "success": true,
    "data": {
        "id": 1696812,
        "msgid": "jp-morgan-says-indonesia-is-resilient-in-facing-global-energy-price-shocks-1777010025",
        "date": "2026-04-23 19:39:46",
        "title": "JP Morgan says Indonesia is resilient in facing global energy price shocks",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Energy",
        "summary": "JP Morgan has ranked Indonesia third globally in resilience against global energy price shocks, attributing this to its low energy import dependency and high energy resilience. The country benefits from being the world's largest thermal coal exporter and 13th largest natural gas producer, with a diverse energy mix including hydropower, geothermal, and biodiesel, resulting in a 77% insulation factor from international price fluctuations. However, challenges such as declining domestic oil production, reliance on US dollar payments for energy imports, and potential subsidy surges highlight areas for vigilance.",
        "content": "<p>When low energy import dependency is combined with high energy\nresilience, Indonesia\u2019s position remains impressive at third place\nglobally.<\/p>\n<p>Jakarta (ANTARA) - The largest multinational financial services and\ninvestment bank in the United States, JP Morgan, has placed Indonesia\namong the most resilient countries in the world in facing global energy\nprice shocks.<\/p>\n<p>\u201cWhen low energy import dependency is combined with high energy\nresilience, Indonesia\u2019s position remains impressive at third place\nglobally,\u201d wrote Michael Cembalest, Chairman of Market and Investment\nStrategy at J.P. Morgan Asset &amp; Wealth Management, in his report\ntitled Pandora\u2019s Box: The Global Energy Shock of 2026, quoted from\nJakarta on Thursday.<\/p>\n<p>The report analyses 52 countries with the largest final energy\nconsumption, which collectively represent 82 per cent of global energy\nconsumption.<\/p>\n<p>In the Total Protection Factor indicator, which measures the\nproportion of a country\u2019s energy protected from international oil and\ngas price fluctuations, Indonesia ranks second in the world. This\nposition is below South Africa.<\/p>\n<p>Michael Cembalest sees Indonesia\u2019s main strength lying in its\ndomestic energy foundation.<\/p>\n<p>As the world\u2019s largest exporter of thermal coal and the 13th largest\nglobal natural gas producer, he views Indonesia as having significant\nproduction capacity, reaching around 2.465 billion cubic metres in\n2024.<\/p>\n<p>\u201cIn addition, the diversity of the national energy mix, which\nincludes hydropower, geothermal, and biodiesel, makes Indonesia\u2019s energy\nsystem more resistant to turbulence in any single commodity,\u201d he\nwrote.<\/p>\n<p>Furthermore, JPMorgan notes that Indonesia\u2019s Insulation Factor\nreaches 77 per cent, one of the highest in the world. This figure\nreflects Indonesia\u2019s ability to meet most of its energy needs from\ndomestic sources.<\/p>\n<p>This situation is in stark contrast to countries like Japan, South\nKorea, Singapore, and Taiwan, which are almost entirely dependent on\nenergy imports.<\/p>\n<p>Nevertheless, JPMorgan highlights several challenges still facing\nIndonesia. Declining domestic oil production amid rising consumption,\nreliance on US dollar payments for energy imports, and potential surges\nin energy subsidies if global prices remain high are risk factors that\nneed to be anticipated.<\/p>\n<p>In the report, JPMorgan also identifies several countries most\nvulnerable to global energy shocks, including Italy, Taiwan, Japan,\nSouth Korea, Singapore, Spain, and the Netherlands.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jp-morgan-says-indonesia-is-resilient-in-facing-global-energy-price-shocks-1777010025",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}