Strategy for Strengthening Energy Governance Amid Economic Uncertainty

Indonesia’s energy sector has been marked by various dynamics in recent years. Global geopolitical conflicts that temporarily disrupted world oil and gas supplies, as well as rising global oil and gas prices, have also affected domestic fuel and gas prices. For industry players, domestic gas supply has become a particular challenge. Moreover, the country’s natural gas infrastructure is not yet fully available in a comprehensive and integrated manner. Issues in the energy sector have been compounded by the phenomenon of rolling blackouts that occurred recently, with the Ministry of Energy and Mineral Resources revealing that this was related to the quality of PLN’s coal supply. The various upheavals occurring in the domestic energy sector have certainly impacted the business world, particularly industry players. Against the backdrop of energy price and supply issues, CNBC Indonesia together with Bank DBS Indonesia held an exclusive Coffee Morning for industry players with the theme ‘Managing Cost to Supply: Challenging Era for Energy, Resources, and Infrastructure Companies’. The event was held in a relaxed morning setting on Thursday, 23 July at Parle Senayan and was by invitation only. Through this event, it was hoped that industry players could gain input and solutions on how to strengthen governance amid economic uncertainty, especially concerning energy. The CNBC Indonesia Coffee Morning featured several speakers from various stakeholders, including Deputy Speaker of the People’s Consultative Assembly and Member of House Commission XII Eddy Soeparno and President Director of Bank DBS Indonesia Lim Chu Chong, who delivered keynote speeches and insights. Other speakers included the Chairman of the Oil and Gas Companies Association Elan Biantoro, Chairman of the Indonesian Industrial Estates Association Kawasan Industri Ma’ruf Maulana, and Executive Director of the Institutional Banking Group at Bank DBS Indonesia Kevin Tanuwidjaja. The speakers discussed the latest challenges in the energy sector and strategies for maintaining energy security in Indonesia to achieve affordable energy prices. Through this forum, it was hoped that a constructive and collaborative discussion among stakeholders would be built to realise robust energy security amidst global disruption.