Market Chatter: Indonesia Explores Deeper Energy Sector Collaboration with US

MT Newswires Live05-11

Indonesia's state-owned oil and natural gas firm Pertamina is having talks with the U.S. Department of Energy (DOE) to boost strategic collaboration in the energy niche, Bisnis reported Monday.

The parties met in Washington D.C., with Pertamina's Deputy President Director, Oki Muraza, and several U.S. DOE officials in attendance, the report said.

The talks centered around cooperation in energy trade, energy supply security, and oil and gas technology development among other areas, according to the report.

Pertamina continues to deepen its strategic partnership with the U.S. in the energy sector amid rising energy consumption in Indonesia, Bisnis reported, quoting Oki.

The nations also explored opportunities for knowledge sharing in managing the Strategic Petroleum Reserve (SPR) and developing energy storage infrastructure, the report said.

Pertamina also reportedly aims to strengthen long-term cooperation with U.S. energy producers and exporters through a long-term contract (LTC) scheme.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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