Indonesia to Import US$15 Billion in Oil and Gas from US Annually

Indonesia to Import US$15 Billion in Oil and Gas from US Annually Reporter February 20, 2026 | 05:29 pm TEMPO.CO, Jakarta - The Indonesian government will import oil and gas from the United States worth US$15 billion (Rp253.2 trillion at an exchange rate of Rp16,883 per dollar) annually, as part of a bilateral trade agreement. The plan was announced by Minister of Investment and Head of the Indonesia Investment Coordinating Board (BKPM), Rosan Roeslani, during a virtual press conference on Friday, February 20, 2026. “There is an agreement to import gas and crude oil worth US$15 billion per year," he said. According to the Agreement on Reciprocal Trade (ART), Indonesia’s imports will include liquefied petroleum gas (LPG) worth US$ 3.5 billion, crude oil worth US$ 4.5 billion, and processed gasoline valued at US$7 billion. Overall, Indonesia and the US have agreed on a commercial deal valued at US33billion(Rp577.1trillion).ThisincludesUSenergycommoditieswortharoundUS 15 billion, commercial aircraft and related aviation goods and services valued at approximately US13.5billion, includingpurchasesfromBoeing, andUSagriculturalproductsexceedingUS .5 billion. Separately, US-based gold mining company Freeport-McMoRan signed a Memorandum of Understanding (MoU) with Indonesia, extending its mining permit until 2061 and committing to an additional US$20 billion investment in the country. Read: US Demands Indonesia to Lift Critical Mineral Export Restrictions Click here to get the latest news updates from Tempo on Google New