The Indonesian government will introduce new regulations governing the downstream gas sector next month that will help boost demand for gas by limiting distribution fees to make pricing more competitive, Wiratmaja Puja, the director general of oil and gas at the Ministry of Energy and Mineral Resources, told delegates at the IndoGAS conference on Wednesday.
China has an out-sized influence on world oil and remains the most important market to watch, and it’s sending some confusing signals. Since the start of the year turmoil has gripped the country’s equities and a weakening currency has fueled concerns about the strength of the nation’s economy.
Australia’s demand for refined products is increasing as its refined sector contracts. This could see the country overtake Indonesia as Asia Pacific’s major products importer.