Association Urges Review of Subsidized Gas Price Policy

The Gas Companies Association (IPGI) has called for an evaluation of the HGBT policy, which is set to expire this year.

Afiffah Rahmah Nurdifa & Stepanus I Nyoman A. Wahyudi

11 Jun 2024 - 19.31
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Association Urges Review of Subsidized Gas Price Policy

Illustration - Gas pipeline network./Bisnis

Bisnis, JAKARTA — The continuation of the government-subsidized gas price (HGBT) policy for seven industries, currently pegged at US$6 per million British thermal units (MMBtu), continues to be a point of concern for stakeholders in the energy sector.

While industry players hope for the next administration to resume this policy, lost state revenue stemming from the subsidies remains a focal point of debate.

The Indonesian Natural Gas Companies Association (IPGI) is calling for a re-evaluation of the HGBT policy, which is planned to be extended beyond its supposed expiry in 2024, citing the policy’s widespread impact across the entire natural gas supply chain, including upstream, midstream, and downstream sectors.

“It’s to evaluate the effectiveness of HGBT so that the benefits received by business players in the upstream, midstream, and downstream sectors are fair. Moreover, the HGBT was originally intended to enhance the competitiveness of the seven recipient industries,” said IPGI Chairman Eddy Asmanto, as quoted by Antara on Monday (6/10/2024).

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.