Purbaya's Task Force Unblocks Stalled Investments Worth US$22 Billion

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has assessed that the government’s special task force for debottlenecking, known as P2SP, is performing well. One of the major issues handled by the task force involved the Onshore Liquefied Natural Gas (LNG) Abadi Masela National Strategic Project (PSN), valued at US$22 billion. “Its performance has been very good. For the big ones, I saw the Inpex Masela (LNG) Abadi Field, which is US$22 billion,” Purbaya told CNBC Indonesia during the Economic Update 2026 event, quoted on Monday (22/6/2026). A hearing on the LNG Abadi Masela project was held on 24 February 2026. During the session led by Finance Minister Purbaya, Japanese company Inpex Masela Ltd presented the project’s progress and required government support. Inpex explained that accelerating the PSN requires regulatory simplification, faster licensing, expanded global market access, and cost reduction facilitation, particularly for the Engineering, Procurement, Construction, and Installation (EPCI) component, which is a key determinant of investment value and is targeted to begin in early 2027. The project has recorded significant progress with support from SKK Migas, including environmental approval and FEED stage progress that is on track. This PSN is projected to become a major pillar of Indonesia’s energy security through the development of an LNG facility with a capacity of 9.5 million tonnes per year, along with significant condensate and natural gas production. However, the Masela Block development still faces several investment challenges that require policy support and cross-sector coordination to ensure the project runs optimally. Purbaya also recounted the resolution of problems at several solar power projects in Cirata that were previously stalled but are now operational, as well as issues related to water in Mandalika. He noted that the debottlenecking hearings have had a very positive impact. In some cases, the process of resolving stalled issues was accelerated simply because they were about to be reported to the P2SP task force. “That is the positive impact of the debottlenecking task force. There are several cases like that. Just as they were about to be brought to us, they got resolved. So, the problem is settled,” Purbaya said. “That is actually the impact we hope for. Why should I tire myself out? What for?” he continued. Purbaya also explained that the debottlenecking task force represents a synergy between various ministries and central and regional authorities. “Because it is important to ensure the investment climate can be improved,” Purbaya stated. He explained that when stalled cases are resolved by the debottlenecking task force, there is a positive impact on the regional economy, such as increased regional income. Purbaya’s message to investors with the presence of the debottlenecking task force is, “Don’t be afraid to invest in Indonesia.” “If there are problems, we will definitely fix the regulations. But if problems persist, there is a place to complain so that their investment plans can proceed smoothly and they can make a profit,” Purbaya advised.