Examining Mitigation Strategies for Energy Resilience Amid Global Turmoil

Increasing geopolitical tensions, especially the war involving Iran, Israel, and the United States, are raising concerns over the stability of energy supplies in many countries, including Indonesia. This situation disrupts energy distribution for many nations and causes significant price spikes.

Therefore, it is important for Indonesia to implement mitigation measures and reduce the impact of these geopolitical shocks. This makes efforts to achieve energy resilience increasingly crucial for the country.

By achieving energy self-sufficiency, Indonesia is expected to reduce its dependence on oil imports while maintaining national economic stability from the effects of global energy price fluctuations. Increasing domestic oil and gas production, electrification, and the energy transition play a vital role in saving foreign exchange, improving the trade balance, and creating added value and a multiplier effect for national economic growth.

To achieve energy resilience domestically, many challenges must still be faced, ranging from complex licensing processes, overlapping spatial planning and land use, intersecting interests with the forestry and food sectors, to the need for legal certainty and regulatory stability. Therefore, cross-sectoral policy synergy is required to strengthen the investment climate and energy resilience amidst increasingly uncertain geopolitical dynamics and global energy markets.

To delve deeper into mitigation strategies and energy resilience, CNBC Indonesia is presenting the Energy Forum, a strategic platform bringing together regulators, legislators, and business players. This forum discusses the energy sector’s role in strengthening national energy resilience amid global geopolitical dynamics and energy price volatility. The CNBC Indonesia Energy Forum serves as a dialogue space to examine the impact of global energy shocks on Indonesia’s energy supply.

Through cross-stakeholder discussions, the forum encourages the strengthening of domestic oil and gas production, improvement of the investment climate, and policy harmonisation to maintain national energy resilience amidst global energy market uncertainty.

The CNBC Indonesia Energy Forum, themed ‘Mitigation Strategies for National Resilience in Response to Global Energy Shocks’, will be held on Thursday, 25 June, from 14:00 to 16:30 WIB.

The CNBC Indonesia Energy Forum can be watched via cnbcindonesia.com, CNBC Indonesia TV, and the CNBC Indonesia YouTube channel.