Pertamina Reviews Oil and Gas Import Plans Following US Tariff Reduction for Indonesia
Deputy Minister of Investment and Downstreaming/BKPM and Vice President Commissioner of Pertamina, Todotua Pasaribu, has revealed that the reduction in US import tariffs on Indonesian goods is prompting Pertamina to review its oil and gas import plans, including crude oil and LPG.
Pasaribu stated that the tariff reduction from 32% to 19% demonstrates Indonesia's increasingly strategic position in the eyes of the United States. "This means our country is strategic — America has already been willing to reduce from 32% to 19%," Pasaribu said after attending the Pertamina Investor Day 2025 event on Wednesday (16 July).
The tariff adjustment forms part of a reciprocal trade deal announced directly by US President Donald Trump. Under the agreement, Indonesia will import a number of commodities from the US, including energy products, agricultural goods, and Boeing aircraft.
Pasaribu added that his side is still assessing the impact of the tariff reduction on oil and gas import plans, including the potential expansion of investment cooperation. "We are still consolidating, as the news is still fresh," he explained.
Although there are no new investment plans from Indonesia to the US in the near term, discussions regarding energy imports from the US are reportedly still ongoing. This includes the possibility of increased imports of crude oil and LPG from the United States.
"Still under discussion," Pasaribu said briefly.
Pasaribu stated that the tariff reduction from 32% to 19% demonstrates Indonesia's increasingly strategic position in the eyes of the United States. "This means our country is strategic — America has already been willing to reduce from 32% to 19%," Pasaribu said after attending the Pertamina Investor Day 2025 event on Wednesday (16 July).
The tariff adjustment forms part of a reciprocal trade deal announced directly by US President Donald Trump. Under the agreement, Indonesia will import a number of commodities from the US, including energy products, agricultural goods, and Boeing aircraft.
Pasaribu added that his side is still assessing the impact of the tariff reduction on oil and gas import plans, including the potential expansion of investment cooperation. "We are still consolidating, as the news is still fresh," he explained.
Although there are no new investment plans from Indonesia to the US in the near term, discussions regarding energy imports from the US are reportedly still ongoing. This includes the possibility of increased imports of crude oil and LPG from the United States.
"Still under discussion," Pasaribu said briefly.