Indonesia's state-owned oil and gas company, Pertamina, has announced that energy imports from the United States will continue to be conducted through a bidding process, following the conclusion of a trade agreement between the two nations. Last Thursday, Indonesia and the US finalized a trade deal that reduces tariffs on American goods from 32% to 19%. Indonesia plans to import $38.4 billion worth of goods and services from the US, which includes $15 billion in energy product imports. The planned energy imports will consist of crude oil, liquefied petroleum gas (LPG), and fuel products. Pertamina's CEO, Simon Aloysious Mantiri, informed reporters that the company will proceed with business as usual through tenders and bids for energy imports from the US, without direct appointments. Mantiri stated that following the trade agreement, LPG imports from the US could increase from the current 57% to 70% of Pertamina's annual import volume. Last year, Pertamina signed memoranda of understanding with several companies, including Exxon Mobil, Chevron, and KDT Global Resources. The Southeast Asian nation aims to shift its energy imports away from sources in Singapore, the Middle East, and Africa, and increase imports from the United States.
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