Incentives plan for CBM
The government is mulling fiscal incentives to attract investment in coal-bed methane (CBM) projects, Finance Minister Sri Mulyani Indrawati said Wednesday, Dow Jones reported.
Chris Phillips, president and chief executive at Vico Indonesia, said that tax incentives would help boost investment to unlock CBM in the country.
Indonesia's total CBM resources are estimated at 453.30 trillion cubic feet, trapped in 11 basins, mostly in Sumatra and Kalimantan.
Last year, the government awarded 29 oil and gas blocks and seven CBM concession areas to local and foreign investors.
Chris Phillips, president and chief executive at Vico Indonesia, said that tax incentives would help boost investment to unlock CBM in the country.
Indonesia's total CBM resources are estimated at 453.30 trillion cubic feet, trapped in 11 basins, mostly in Sumatra and Kalimantan.
Last year, the government awarded 29 oil and gas blocks and seven CBM concession areas to local and foreign investors.