Indonesia and US agree to expand energy trade partnership with $15 billion annual import commitment

Indonesia - US Agree to Import Gas and Oil of US $15 Billion per Year JAKARTA - Indonesia and the United States (US) have agreed to expand economic cooperation, including plans to import gas and crude oil worth 15 billion US dollars per year. The agreement was marked by the signing of a cooperation agreement by the President of the Republic of Indonesia Prabowo Subianto and US President Donald Trump. The agreement is contained in the document Implementation of the Agreement toward New Golden Age US-Indonesia Alliance which is the basis for implementing the Agreement on Reciprocal Trade (ART). The Minister of Investment/Head of BKPM Rosan Perkasa Roeslani, who also serves as CEO of the Inter-Agency Investment Management Agency, said that the two countries also agreed on a plan to import gas and crude oil from the United States with a value of up to 15 billion US dollars per year. “There is also an agreement to import gas and crude oil worth 15 billion US dollars per year,” he said in a press conference, Friday, February 20. Furthermore, he added that Indonesia and the US plan to strengthen economic cooperation, especially in the field of investment. Rosan said the government had also started discussing a number of investment opportunities that were still in the pipeline stage, including the oil and gas sector (oil and gas) and various other strategic sectors. “there is also a plan to further strengthen cooperation in the economic field, especially in this area in the field of investment and we have also started talks on the possibility of some investment on the pipeline that concerns several fields, both in the field of oil and gas and in other fields,” he explained. He added that the implementation of a number of these collaborations will be in coordination with the Ministry of Investment and Trade.