Indonesia is reforming its oil and gas law to attract upstream investment as gas production declines and demand rises. Despite recent interest from companies like BP and Inpex, investors remain skeptical about the effectiveness of these reforms in addressing deeper regulatory issues. Gas production fell from 87.2 billion cubic meters in 2014 to 71.4 Bcm in 2024, while domestic consumption increased, highlighting the urgency for new developments.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue