Indonesia's PLN, independent power producers to consume more coal, LNG in 2027, official says

By Reuters News

- Indonesia's state utility Perusahaan Listrik Negara and its independent power suppliers are expected to consume 173.83 million metric tons of coal in 2027, the head of its subsidiary PT PLN Energi Primer Indonesia said on Tuesday.

  • This compared to around 150 million tons of coal consumption expected this year, said Rakhmad Dewanto, chief executive PLN Energi Primer, which is in charge of procuring the fuel for PLN group

  • PLN will also need 120 cargoes of liquefied natural gas (LNG) next year, on top of its piped gas supply, Dewanto said, rising from around 108 LNG cargoes required this year

  • The supply of around 90 cargoes of LNG has been secured for next year, while PLN is coordinating with the government and upstream regulator SKK Migas to secure the remainder, he said

  • "We have identified where the potential supply will come from to close the gap," Dewanto said on the sidelines of an industry conference

  • Indonesia last month diverted some of its piped gas supply intended for Singapore due to higher domestic demand

  • It is also tweaking its domestic market obligation rule for coal to guarantee supplies for domestic power plants

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk