Heatwave Brings Golden Opportunities

Surging temperatures worldwide have presented lucrative prospects for coal and liquefied natural gas (LNG) industries. The increased demand for electricity during the hot weather has prompted several countries to secure energy sources and ensure the continuity of their power supply.

Lili Sunardi & Jessica Gabriela Soehandoko

24 Mei 2023 - 18.48
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Heatwave Brings Golden Opportunities

Saka Energy's Central Processing Plant facility. Photo/SKK Migas

Bisnis, JAKARTA—Surging temperatures worldwide have presented lucrative prospects for coal and liquefied natural gas (LNG) industries. The increased demand for electricity during the hot weather has prompted several countries to secure energy sources and ensure the continuity of their power supply.

Asian countries, affected by the recent heatwave, have started showing interest in energy supplies from Russia. This strategic move aims to ensure that their power plants can meet the rising electricity demand, enabling them to maintain cooler indoor environments.

Indonesia, as a current coal exporter for power plants, is seen as having a significant opportunity to enter and capitalize on these open opportunities. The country can leverage its existing position to meet the increasing demand for coal and benefit from the growing market for energy resources.

Singgih Widagdo, Chair of the Indonesia Mining & Energy Forum, highlighted that Indonesia has a significant opportunity to capitalize on the surge in energy demand caused by the hot weather, given the country's ambitious targets for coal production and exports this year.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.