Increase in Corridor Block Gas Price Granted

The government granted the upstream gas price increase from the Corridor Block (ConocoPhillips Grissik Limited) to PT Perusahaan Gas Negara Tbk area of ​​Batam I. Deputy Minister of Energy and Mineral Resources (EMR) Arcandra Tahar said the government's consideration to raise the price of upstream gas from Grissik Field , Corridor Block due to price adjustment proposal from operator of Block Corridor (ConocoPhillips Grissik Limited).

It also has calculated the cost structure and weigh the margin of gas distribution through pipeline owned by PT Perusahaan Gas Negara Tbk. Wide enough, so there is room for upstream gas prices to rise.

Based on these considerations, the Minister of Energy and Mineral Resources Ignatius Jonan approved the proposed price increase. Meanwhile, the process of negotiating the increase of gas selling price has been done by PGN and ConocoPhillips since 2012.

By mailing the Minister of ESDM No.5882 / 12 / MEM.M / 2017 on July 31, gas price with distribution volume up to 27.26 BBtud remained at US $ 2.6 per MMBtu. Meanwhile, the distribution of 27.27 to 50 BBtud gas prices rose from US $ 2.6 to US $ 3.5 per MMBtu.

From the ConocoPhillips proposal, the price increase is an effort to improve the economy of the field and the certainty of gas supply to PGN. In addition, rising prices were calculated from capital expenditure and operational expenditures used for well drilling, flow line development and field compressor Suban supplying gas for PGN.

"Finally, the Minister decided to raise US $ 0.9 per MMBtu," said Arcandra, Friday (4/8).

Through the approval of changes in gas selling price, in the Letter of the Minister of Energy and Mineral Resources also contains some provisions. First, the price change is the period of validity from the date of stipulation until the contract expires in 2019. Second, the selling price of PGN gas to PT Perusahaan Listrik Negara and the independent power producer (IPP) is still referring to Ministerial Decree 3191 K / 12 / MEM / 2011 On PGN Gas Sales Price to PLN Batam and IPP.

Third, the selling price of PGN gas to other buyers in the Batam area still refers to current prices. Fourthly, PGN is not allowed to raise the selling price of gas to buyers after the approval of this price.

According to him, most importantly, the change in gas selling price in the upstream level does not affect the selling price of gas to the final consumer. The selling price of PGN to PLN and IPP Batam remains within the range of approximately US $ 3.32-US $ 5.7 per MMBtu, depending on usage. Similarly, the industry still costs about US $ 5.7 per MMBtu

Based on data from the Special Unit for Upstream Oil and Gas Business (SKK Migas), gas production of Corridor Block reaches 980 million standard cubic feet per day / MMscfd from the target of 1,042 MMSCfd. Actual gas production The Corridor Block accounts for 13% of national gas production of 7,512 MMscfd.

IN INDONESIA

Kenaikan Harga Gas Blok Corridor Dikabulkan

Pemerintah mengabulkan penaikan harga gas di hulu yang berasal dari Blok Corridor (ConocoPhillips Grissik Limited) kepada PT Perusahaan Gas Negara Tbk area Batam I. Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar mengatakan pertimbangan pemerintah untuk menaikkan harga gas hulu dari Lapangan Grissik, Blok Corridor karena usulan penyesuaian harga dari operator Blok Corridor (ConocoPhillips Grissik Limited). 

Pihaknya pun telah menghitung struktur biaya dan menimbang margin penyaluran gas melalui pipa milik PT Perusahaan Gas Negara Tbk. cukup lebar, sehingga masih terdapat ruang bila harga gas hulu naik. 

Atas pertimbangan tersebut, Menteri ESDM Ignasius Jonan menyetujui usulan penaikan harga. Adapun, proses negosiasi kenaikan harga jual gas telah dilakukan PGN dan ConocoPhillips sejak 2012.

Melalui surat Menteri ESDM No.5882/12/MEM.M/2017 pada 31 Juli, harga gas dengan volume penyaluran sampai 27,26 BBtud harganya tetap di US$2,6 per MMBtu. Sementara itu, penyaluran 27,27 hingga 50 BBtud harga gasnya naik dari US$ 2,6 menjadi US$ 3,5 per MMBtu.

Dari usulan ConocoPhillips, naiknya harga sebagai upaya untuk memperbaiki keekonomian Iapangan dan kepastian pasokan gas ke PGN. Selain itu, naiknya harga pun dihitung dari biaya belanja modal dan belanja operasi yang digunakan untuk pengeboran sumur, pengembangan flowline dan kompresor Lapangan Suban yang memasok gas untuk PGN.

"Akhirnya, Menteri memutuskan untuk menaikkan US$0,9 per MMBtu," ujar Arcandra, Jumat (4/8).

Melalui persetujuan perubahan harga jual gas itu, dalam Surat Menteri ESDM pun memuat beberapa ketentuan. Pertama, perubahan harga itu jangka waktu berlakunya sejak ditetapkan hingga kontrak berakhir pada 2019. Kedua, harga jual gas PGN ke PT Perusahaan Listrik Negara dan pengembang swasta atau Independent Power Producer (IPP) tetap mengacu pada Keputusan Menteri 3191 K/ 12/ MEM/2011 tentang Harga Jual Gas Bumi PGN kepada PLN Batam dan IPP.

Ketiga, harga jual gas PGN kepada pembeli lain di wilayah Batam tetap mengacu kepada harga yang berlaku saat ini. Keempat, PGN tidak diperkenankan menaikkan harga jual gas kepada pembeli setelah adanya persetujuan harga ini.

Menurutnya, yang terpenting, perubahan harga jual gas di tingkat hulu tidak mempengaruhi harga jual gas ke konsumen akhir. Harga jual PGN ke PLN dan IPP Batam tetap dalam kisaran sekitar US$ 3,32-US$ 5,7 per MMBtu, tergantung pemakaian. Demikian halnya dengan industri harganya masih sekitar US$ 5,7 per MMBtu

Berdasarkan data Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), produksi gas Blok Corridor mencapai 980 million standard cubic feet per day/MMscfd dari target 1.042 MMSCfd. Realisasi produksi gas Blok Corridor menyumbang 13% dari produksi gas nasional sebesar 7.512 MMscfd. 

Bisnis Indonesia, Page-10, Saturday, August 5, 2017

Alarm Already Ring

Based on data from the Ministry of Energy and Mineral Resources 2017, Indonesia's crude oil reserves are 3.6 billion barrels. The natural gas is still 100 trillion cubic feet, while 7.2 billion tons of coal. Assuming there is no new reserve discovery, the oil will run out by 2030, natural gas in 2051, and coal in 2043.

Are we really on the verge of an energy crisis? Let's talk oil. If until 2030 there is no new reserve discovery, Indonesia will rely on imports. Even if there are new reserve findings before 2030, not necessarily be produced. It takes 10-15 years since the discovery of oil reserves until it can be produced.

Why is it so hard to find new reserves in Indonesia? A number of experts, both in government and outside the government, said the remaining reserves in Indonesia exist in the eastern region. It is located in deep sea waters. In addition to the inventory discovery success ratio shrinking, the cost and level of difficulty are higher.

Mentioned, the cost of one deep well oil drilling wells can range from 100 million US dollars-200 million US dollars or equivalent to Rp 1.3 trillion-Rp 2.6 trillion. With the record, again not necessarily managed to find oil. If the result is negative, that much money disappears instantly with no small profit. The risk is greatly appreciated by oil companies, especially when the upstream investment climate of oil and gas is slow now

What if funded by the state? Through the state budget, for example. Very risky and it is impossible to go. It could have been in jail for spending trillions of people's money looking for oil, but not producing anything. That much more money meant for health, education, or infrastructure development financing.

Then, what is the solution? The government has given an answer, one of them by optimizing the utilization of natural gas. Natural gas is the only non-renewable reserve of fossil energy that still has a long life span. Unfortunately, we are not ready, if you do not want to say reluctant to be ready in an effort to optimize the gas.

Gas produced daily is 6,440 million standard cubic feet per day (MMSCFD) in accordance with APBN 2017 provisions, partially exported and partly absorbed for domestic use in a balanced portion. Why should half of it be exported? In addition to the issue of foreign exchange, gas infrastructure in the country is not ready yet. Therefore, natural gas is processed into liquefied natural gas (LNG), transported, then regasified, then flowed to the final consumer.

This regasification infrastructure is still lacking. Thus, gas flows into the international market, purchased by other countries that are infrastructure much more prepared than Indonesia. It is like the kindness of Indonesia to support the energy adequacy of other countries.

Government policy in terms of diversification of fuel oil to gas in the transportation sector, which is a greedy sector of oil, until now is not clear. Not to mention the matter of coal that governance problems piled up. Has the energy crisis alarm started ringing?

The government is not doing nothing. Ideas, policies and proposals are piled up or may be mounting. However, citing members of the National Energy Council, Sonny Keraf, in a discussion some time ago, we are weak in implementation. In other words, most only exist in the fancy or piece of policy paper.

IN INDONESIA

Alarm Sudah Berdering

Berdasarkan data Kementerian Energi dan Sumber Daya Mineral 2017, cadangan minyak mentah Indonesia tersisa 3,6 miliar barrel. Adapun gas bumi masih 100 triliun kaki kubik, sedangkan batubara 7,2 miliar ton. Dengan asumsi tidak ada penemuan cadangan baru, minyak akan habis pada 2030, gas bumi pada 2051, dan batubara di 2043.

Benarkah kita sudah di ambang krisis energi? Mari kita bicara minyak. Seandainya sampai 2030 tidak ada penemuan cadangan baru, Indonesia akan benar-benar bergantung pada impor. Bahkan seandainya ada temuan cadangan baru sebelum 2030, tidak serta-merta bisa diproduksi. Perlu waktu 10-15 tahun sejak penemuan cadangan minyak sampai bisa diproduksi.

Kenapa sulit sekali menemukan cadangan baru di Indonesia? Sejumlah pakar, baik yang ada di pemerintahan maupun di luar pemerintahan, menyebutkan, cadangan yang tersisa di Indonesia ada di kawasan timur. Letaknya di perairan laut dalam. Selain rasio kesuksesan penemuan cadangan mengecil, ongkos dan tingkat kesulitannya semakin tinggi.

Disebutkan, ongkos satu sumur pengeboran minyak di laut dalam bisa berkisar 100 juta dollar AS-200 juta dollar AS atau setara Rp 1,3 triliun-Rp 2,6 triliun. Dengan catatan, sekali lagi belum tentu berhasil menemukan minyak. Apabila hasilnya negatif, uang sebanyak itu lenyap seketika tidak memberi keuntungan sekecil apapun. Risiko itu sangat ditimbang betul oleh perusahaan minyak, apalagi di saat iklim investasi hulu minyak dan gas bumi yang sedang lesu sekarang  

Bagaimana jika didanai negara? Lewat APBN, misalnya. Sangat berisiko dan itu tidak mungkin ditempuh. Bisa saja pejabatnya masuk penjara karena sudah membelanjakan triliunan rupiah uang rakyat untuk mencari minyak, tetapi tidak menghasilkan apa-apa. Uang sebanyak itu lebih berarti untuk pembiayaan kesehatan, pendidikan, atau pembangunan infrastruktur.

Lalu, apa jalan keluarnya? Pemerintah sudah memberi jawaban, salah satunya dengan mengoptimalkan pemanfaatan gas bumi. Gas bumi adalah satu-satunya cadangan energi fosil yang tidak terbarukan yang masih punya umur panjang pemakaiannya. Sayangnya, kita seperti tidak siap, kalau memang tidak ingin dikatakan enggan untuk siap dalam upaya mengoptimalkan gas tersebut.

Gas yang diproduksi setiap hari sebanyak 6.440 juta standar kaki kubik per hari (MMSCFD) sesuai ketetapan APBN 2017, sebagian diekspor dan sebagian lagi diserap untuk keperluan domestik dalam porsi seimbang. Kenapa setengahnya harus diekspor? Selain persoalan devisa, ternyata infrastruktur gas di dalam negeri belum siap. Karena itu, gas bumi diproses menjadi gas alam cair (LNG), diangkut, lalu diregasifikasi, kemudian dialirkan ke konsumen akhir. 

Infrastruktur regasifikasi ini yang masih kurang. Maka, gas mengalir ke pasar internasional, dibeli negara lain yang secara infrastruktur jauh lebih siap daripada Indonesia. Ini seperti kebaikan hati Indonesia mendukung kecukupan energi negara lain. 

Kebijakan pemerintah dalam hal diversifikasi bahan bakar minyak ke gas di sektor transportasi, yang merupakan sektor rakus minyak, sampai kini tidak jelas. Belum lagi soal batubara yang tata kelolanya bertumpuk masalah. Apakah alarm krisis energi sudah mulai berdering? 

Pemerintah bukannya tidak berbuat apa-apa. Ide, kebijakan dan berbagai usulan sudah bertumpuk atau mungkin menggunung. Namun, mengutip anggota Dewan Energi Nasional, Sonny Keraf, dalam sebuah diskusi beberapa waktu lalu, kita lemah dalam pelaksanaan. Dengan kata lain, kebanyakan hanya ada dalam angan atau secarik kertas kebijakan.

Kompas, Page-17, Saturday, August 5, 2017

Indonesia seeks Chevron, Conoco proposals in investment push

Indonesia wants Chevron Corp. and ConocoPhillips to submit proposals to renew their licenses to operate oil and gas fields as the former Organization of the Petroleum Exporting Countries (OPEC) member seeks to reverse a decline in energ investments.

Energy and Mineral Resources Minister Ignasius Jonan asked Chevron executives last week to inform the ministry about the explorer’s plans for Indonesian operations beyond 2021, he said in an interview. The government expects Chevron to make aproposal within this year, he said.

Jonan also told Conoco executives to prepare a proposal if they wished to seek an extension for a block set to expire in 2020. An early decision on the fate of licenses for Chevron and Conoco may help the government reassure prospective foreign investors as it wrangles with Freeport-McMoRan Inc. over renewal of its permit to operate the Grasberg copper and gold mine.

President Joko Widodo is seeking to attract investment of as much as US$200 billion into Southeast Asia’s largest economy over the next decade to increase crude oil production.

“Chevron’s production sharing agreement will expire by 2021, and we told Chevron to propose to us what they are going to do,” Jonan said, referring to the explorer’s output deal with the government. “If they apply for the extension of their concession, we will evaluate.”

Chevron requires competitive fiscal terms, investment-friendly policies and legal certainty to ensure the Rokan block will continue to provide value to all stakeholders, Cameron Van Ast, a Perth-based spokesman, said by email.

The second-biggest United States oil explorer, which has been operating in Indonesia for more than 90 years, is the country’s largest producer of crude oil, delivering approximately 40 percent of  the national production from its operations in Riau in Sumatra and East Kalimantan and is also the largest producer of geothermal energy according to its website.

Jonan told Conoco executives to prepare a proposal if they wished to seek an extension for its South Jambi block. The company has shut down production after the existing iields have been depleted, and Conoco and venture partners are evaluating future options, according to the company website.

Joang Laksanto, a spokesman for Conoco in Indonesia said in a text message that the company would respond to the government, “accordingly’ Indonesia announced in 2015 that state energy company PT Pertamina will take over majority ownership and become the operator of Mahakam, the country’s biggest gas-producing block, from stakeholders Total SA and Inpex Corp as the production contract expires in 2017.

Pertamina will now decide whether to rope in a new partner for the project, Jonan said. The government has invited Exxon Mobil Corp.. to set up a new refinery or explore the possibility of relocating a unit from Singapore to tap into the growing demand for fuel products in the world’s fourth-mostpopulous country, Jonan said. Exxon declined to comment.

The government will help Exxon increase crude oil production from its Cepu field to 220,000 barrels a day from about 210,000 barrels now by securing the environmental clearance, Jonan said. Indonesia may need to import half of its annual fuel needs even after increasing its refining capacity by 500,000 barrels a day in the next seven years, according to BMI Research. The nation’s processing capacity may grow 2 percent by 2025 while consumption surges 31 percent in the same period, according to BMI.

Indonesia currently produces about 800,000 barrels of crude oil a day and imports about 500,000 barrels of crude and about 800,000 barrels of refined products, according to the Energy Ministry.

The switch to a so-called gross split scheme for oil and gas explorers from a cost-recovery plan was meant to speed up the approval process and efficiency Jonan said. The ministry will make some changes to the “attachment” of the scheme to incorporate feedbackfrom the industry, he said

Jakarta Post, Page-13, Friday, August 4, 2017

Oil, gas sector hopes for new policies after reshuffle

lndonesia’s oil and gas sector was once like a pretty girl who attracted everyone’s eye with her activities. That was how IGN Wiratmaja Puja, the then-oil and gas director general at the Energy and Mineral Resources Ministry, described the sector during a focus group discussion with various oil and gas stakeholders in June.

“Many then spread rumors about her, blamed her or even tried to control her. It was inevitable,” he continued, adding that day by day the “pretty girl” became more unattractive as shown by declining investment and plunging state revenues from the sector in recent years.

At the discussion, Wiratmaja vowed to issue various ministerial decrees some of which had taken more than a year that were expected to help boost the investment climate in the sector, a promise, however, he will be unable to make good on, as he was sacked by Energy and Mineral Resources Minister lgnasius Jonan on Wednesday

The minister has appointed Ego Syahrial, who previously headed the ministry’s geology agency as the new oil and gas director general, with high hopes that the latter can further boost enhanced oil recovery (EOR) to offset the declining domestic oil production.

“We also hope his experience as a geologist Will encourage innovations in oil and gas exploration." Jonan said.

During his term, Wiratmaja was in charge of preparing various ministerial regulations, including ones related to abandonment and site restoration (ASR), incentives for drilling an offshore well in ultra-deep, more than 1,500 meters in depth, waters, and EOR activities.

By issuing the decree on EOR activities, the government expects it can start boosting oil production in certain fields using such methods by 2021 or 2022, resulting in an additional 228,000 bpd of oil. The government has estimated that 2.5 billion barrels of oil in reserves can be recovered through EOR activities by 2050.

Furthermore, within the past few months the ministry has also been formulating a government regulation (PP) on tax treatment for gross split sliding scale agreements for upstream oil and gas contractors. None of those planned regulations has yet been completed, despite a further drop in oil and gas investment in recent years. According to the Upstream Oil and Gas Regulatory Special Task Force (SKK Migas), investment in the upstream oil and gas sector plunged to US$11.15 billion from $21.88 billion in the period Of 2012 to 2016.

In the first half of this year, investment in the sector amounted to only $3.99 billion, or 28.84 percent of the full-year target of $13.8 billion. Of the total figure, contractors spent $3.96 billion for exploitation while a mere $30 million was disbursed for exploration.

Because of a lack of new discoveries, the country’s proven oil reserves dropped to 2,959 million stock tank barrels (mmstb) at the end of last year from around 5,000 mmstb in the early 2000s. As a result, Indonesia’s oil production had dwindled to 808,800 barrels of oil per day (bopd) as of June from 1.2 million bopd in the early 2000s, forcing the country to import 60 percent of its current oil needs of 1.6 million bopd.

“If we maintain production rate at 800,000 bopd with the current oil reserves, we might not be able to produce oil after 12 years,” Deputy Minister Arcandra Tahar said. 

     Sammy Hamzah, the Indonesian Employers Association (Apindo) head of energy and mineral resources division, said it must have been difficult for Wiratmaja to do his job smoothly as he had to go through several transitions of power within the past year, from Sudirman Said to Arcandra, Luhut Pandjaitan and eventually Jonan.

“Now, we just hope that Pak Ego can immediately go through the internal consolidation process and start ‘running’,” Sammy said, expressing his hope that the once “pretty girl” could soon regain her looks

Jakarta Post, Page-13, Friday, August 4, 2017

Conoco Gas Price to PGN Up

Minister of Energy and Mineral Resources (ESDM) Ignasius Jonan raised the gas selling price of Grissik Field. This is the Corridor Block operated by ConocoPhillips Indonesia Grissik Ltd in South Sumatra for PT Perusahaan Gas Negara Tbk (PGN).

The selling price of the volume up to 27.26 billion british thermal units per day (bbtud) is fixed at US $ 2.6 per mmbtu. But in the volume of 27.27 bbtud-50 bbtud the original price of US $ 2.6 mmbtu to US $ 3.50 mmbtu, this Decree is in the Minister's Letter No. 5882/12 / MEM. M / 2017 on Conoco Gas Price Determination to PGN.

This price is valid until the end of the Gas Sales and Purchase Agreement contract between ConocoPhillips and PGN in 2019. Although the price of gas increases, PGN is not allowed to raise the selling price of natural gas to the buyer. Including restrictions on raising gas prices to PLN Batam and private electricity company (IPP) PLN Batam power supplier.

The Minister's Letter is addressed to Head of SKK Migas and President Director of PGN. Not yet known whether the letter is the result of a visit Jonan during a meeting with leaders Conocophillip in the United States (US) last week.

When confirmed related to the price increase, Jonan admitted to forget the letter signed a few days ago.

"Do not remember me, do not remember," he said at the Ministry of Energy and Mineral Resources, after the inauguration ceremony of ESDM environmental officials on Wednesday night (2/8).

Director of Upstream Oil and Gas Ministry of Energy and Mineral Resources, Tunggal also reluctant to comment on the existence of this decision.

"The price of gas do not ask to me" he said on Wednesday night (2/8).

Special Unit for Upstream Oil and Gas Business Activities (SKK Migas) explained that the government's consideration of the gas price increase is that the condition and the realization of Connoco-Phillips gas price to PGN in Batam is still low compared to gas price of other Contractor Cooperation Contractor (KKKS).

"The increase in gas prices to provide certainty of the sustainability of gas supply to PGN,"

Hary Purnomo Member of Commission VII is not surprised by the inconsistent policy of the EMR Ministry. With the increase in gas prices, according to him, the Minister of Energy and Mineral Resources does not understand the problems, eventually misdiagnosed and resulted in uncertainty for the business.

"The reason for the increase in gas prices I do not understand, even contrary to the orders of the President who asked to reduce the price of gas," he said.

IN INDONESIA

Harga Gas Conoco ke PGN Naik

Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan menaikkan harga jual gas Lapangan Grissik. lni adalah Blok Koridor yang dioperasikan ConocoPhillips Indonesia Grissik Ltd di Sumatra Selatan untuk PT Perusahaan Gas Negara Tbk (PGN).

Harga jual volume sampai 27,26 billion british thermal units per day (bbtud) memang tetap, yakni US$ 2,6 per mmbtu. Tetapi dalam volume 27,27 bbtud-50 bbtud harga yang semula US$ 2,6 mmbtu menjadi US$ 3,50 mmbtu, Keputusan ini ada dalam Surat Menteri No 5882/12/MEM. M/2017 soal Penetapan Harga Gas Conoco ke PGN. 

Harga ini berlaku sampai berakhirnya kontrak Perjanjian Jual Beli Gas (PJBG) antara ConocoPhillips dan PGN pada tahun 2019. Meski harga gas naik, PGN tidak diperkenankan menaikkan harga jual gas bumi kepada pembeli. Termasuk larangan menaikkan harga jual gas ke PLN Batam dan perusahaan lisrik swasta (IPP) pemasok listrik PLN Batam.

Surat Menteri itu ditujukan kepada Kepala SKK Migas dan Direktur Utama PGN. Belum diketahui apakah surat tersebut merupakan hasil lawatan Jonan saat melakukan pertemuan dengan pimpinan Conocophillip di Amerika Serikat (AS) pekan lalu itu.

Ketika dikonfirmasi terkait kenaikan harga tersebut, Jonan mengaku lupa dengan surat yang ditandatangani beberapa hari lalu. 

“Tidak ingat saya, tidak ingat," katanya di Kantor Kementerian ESDM, usai acara pelantikan pejabat lingkungan ESDM, Rabu malam (2/8).

Direktur Hulu Minyak dan Gas Bumi Kementerian ESDM, Tunggal juga enggan mengomentari perihal keberadaan keputusan ini. 

"Harga gas jangan tanya ke saya" ujar dia, Rabu malam (2/8). 

Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan (SKK Migas) menjelaskan, pertimbangan pemerintah menaikan harga jual gas tersebut adalah kondisi dan realisasi harga gas Connoco-Phillips ke PGN di Batam masih rendah dibandingkan harga gas milik Kontraktor Kontrak Kerjasama (KKKS) lain.

"Kenaikan harga gas untuk memberikan kepastian keberlangsungan pasokan gas ke PGN,"

Hary Purnomo Anggota Komisi VII tidak heran dengan kebijakan Kementerian ESDM yang sejak awal tidak konsisten. Dengan kenaikan harga gas itu menurut dia, Menteri ESDM tidak memahami permasalahan, akhirnya salah diagnosa dan mengakibatkan ketidakpastian bagi pelaku bisnis. 

"Alasan kenaikan harga gas saya tidak mengerti, bahkan bertentangan dengan perintah Presiden yang meminta menurunkan harga gas," kata dia.

Kontan, Page-18, Friday, August 4, 2017

The Role of Fossil Energy Is Still Dominant

Despite the rapid development of renewable energy, Indonesia will still rely on fossil energy, such as oil, natural gas and coal. In the national energy policy, the role of fossil energy is still dominant. Until the next few years, renewable energy will not be able to replace fossil energy.

This was stated by Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar.

"In 2025 later, the portion of renewable energy in the national energy mix is ​​23 percent. Now, the portion is still below 10 percent. It feels quite heavy toward 23 percent in the next 8 years, "said Arcandra.

Moreover, the consumption of fuel oil will increase in 2025. Along with economic growth, including population growth, fuel consumption in Indonesia is estimated at 2.3 million barrels per day. The current consumption ranges from 1.6 to 1.7 million barrels per day.

Based on data from the Ministry of Energy and Mineral Resources, Indonesia's proven reserves of about 3.6 billion barrels of oil are estimated to be exhausted in the next 13 years if no new reserves are found. Meanwhile, the proven reserves of natural gas remain about 100 trillion cubic feet or are estimated to be sufficient for up to 34 years. The remaining coal reserves are 7.2 billion tons or will be exhausted in the next 16 years.

IN INDONESIA

Peran Energi Fosil Masih Dominan

Kendati perkembangan energi terbarukan semakin pesat, Indonesia masih akan bergantung pada energi fosil, seperti minyak, gas bumi dan batubara. Dalam kebijakan energi nasional, peran energi fosil masih dominan. Hingga beberapa tahun mendatang, energi terbarukan belum akan dapat menggantikan energi fosil.

Demikian diungkapkan oleh Wakil Menteri Energi dan Sumber Daya Mineral (ESDM) Arcandra Tahar. 

”Pada 2025 nanti, porsi energi terbarukan dalam bauran energi nasional adalah 23 persen. Sekarang, porsinya masih di bawah 10 persen. Rasanya cukup berat menuju 23 persen dalam kurun 8 tahun mendatang,” kata Arcandra.

Apalagi konsumsi bahan bakar minyak akan meningkat pada 2025. Seiring dengan pertumbuhan ekonomi, termasuk pertumbuhan populasi, konsumsi BBM di Indonesia diperkirakan 2,3 juta barrel per hari. Adapun konsumsi saat ini berkisar 1,6-1,7 juta barrel per hari.

Berdasarkan data Kementerian ESDM, cadangan terbukti minyak mentah Indonesia sekitar 3,6 miliar barrel yang diperkirakan habis dalam 13 tahun mendatang jika tidak ada penemuan cadangan baru. Sementara itu, cadangan terbukti gas bumi tersisa sekitar 100 triliun kaki kubik atau diperkirakan cukup sampai 34 tahun mendatang. Cadangan batubara tersisa 7,2 miliar ton atau akan habis dalam kurun 16 tahun mendatang.

Kompas, Page-18, Friday, August 4, 2017

Upstream Oil and Gas Investors Wait for Investment Climate Improvement

Regular Meeting of Public Relation SKK Migas - KKKS Java-Bali-Nusa Tenggara (Jabanusa) requested the government to fix the investment climate by offering a return on investment that competes for investors. In addition, it also maintains a commitment to honor agreed contracts, timely government approvals and synchronize policies between central and local government agencies. The reason, after three years of crisis of decline in world oil prices, upstream oil and gas industry began to rebuild Investment upstream sector in 2017 began to rise.

In the Middle East investment rose 4 percent, Russia rose 6 percent and in the United States even up 53 percent. The upward trend in investment has not been followed in Latin American countries that are still minus 4 percent, Africa minus 9 percent. In Indonesia the value of Investments fell even worse.

If in 2014 the value of Investment reaches Rp 275.4 trillion, 2015 only Rp 206.6 trillion (minus 25 percent) and 2016 to Rp 151 trillion (down 26.8 percent). More severe decline on the exploration side. In 2014 it can still reach Rp 14.85 trillion, but in 2015 only Rp 6.75 trillion (down 54.5 percent) and 2016 live Rp 1.35 trillion (down 80 percent).

In the year 2017, the value of investment including on the exploration side is expected to fall back. Especially since some investors even return the oil and gas blocks they manage. In the event, attended also Vice Chairman of Commission VII DPR RI Satya Widya Yudha. Head of Technology and Field Development Division of SKK Migas Benny Lubiantara, Executive Director of Indonesian Petroleum Association (IPA) Marjolijn Wajong.

"The investment climate in Indonesia is already improving. Based on World Bank data, in 2017 Indonesia is ranked 91, up from 2016 ranked 106. But specifically in the oil and gas sector, the Global Petroleum Fraser Institute Survey still put Indonesia in 2016 ranked 79 out of 96 countries on investment challenges, "Satya Widya Yudha met after a workshop that took place at Hotel Tentrem, Yogyakarta, Wednesday (2/08) evening.

Satya Widya Yudha

IN INDONESIA

Investor Hulu Migas Tunggu Perbaikan Iklim Investasi

Rapat Berkala Kehumasan SKK Migas - KKKS Jawa-Bali-Nusa Tenggara (Jabanusa) meminta pemerintah membenahi iklim investasi dengan cara menawarkan bagi hasil pengembalian investasi yang bersaing bagi investor. Selain itu, juga menjaga komitmen untuk menghargai kontrak yang sudah disepakati, persetujuan pemerintah yang tepat waktu dan menyelaraskan kebijakan antar instansi pemerintah baik pusat maupun daerah. Pasalnya, setelah tiga tahun dilanda krisis penurunan harga minyak dunia, industri hulu migas mulai bangun kembali Investasi di sektor hulu tahun 2017 mulai naik. 

Di Timur Tengah investasi naik 4 persen, Rusia naik 6 persen dan di Amerika Serikat bahkan naik hingga 53 persen. Tren kenaikan investasi itu belum diikuti di negara-negara Amerika Latin yang masih minus 4 persen, Afrika minus 9 persen. Di Indonesia nilai Investasi turun lebih buruk lagi.

Jika tahun 2014 nilai Investasi mencapai Rp 275,4 triliun, tahun 2015 hanya Rp 206,6 triliun (minus 25 persen) dan tahun 2016 menjadi Rp 151 triliun (turun 26,8 persen). Penurunan yang lebih parah pada sisi eksplorasi. Pada tahun 2014 masih bisa mencapai Rp 14,85 triliun, tetapi tahun 2015 tinggal Rp 6,75 triliun (turun 54,5 persen) dan 2016 tinggal Rp 1,35 trilun (turun 80 persen).

Pada tahun 2017 ini, nilai investasi termasuk di sisi eksplorasi diperkirakan akan kembali turun. Terlebih karena beberapa investor bahkan mengembalikan blok migas yang mereka kelola. Dalam acara tersebut, hadir juga Wakil Ketua Komisi VII DPR RI Satya Widya Yudha. Kepala Divisi Teknologi dan Pengembangan Lapangan SKK Migas Benny Lubiantara, Direktur Eksekutif Indonesian Petroleum Association (IPA) Marjolijn Wajong.

“lklim investasi di Indonesia memang sudah mengalami perbaikan. Berdasar data Bank Dunia, pada tahun 2017 Indonesia berada di peringkat 91, naik dibanding 2016 diperingkat 106. Tetapi khusus di sektor Migas, Survey Fraser Institute Global Petroleum masih menempatkan Indonesia pada 2016 di peringkat 79 dari 96 negara pada tantangan investasi,” tegas Satya Widya Yudha ditemui seusai acara lokakarya yang berlangsung di Hotel Tentrem, Yogyakarta, Rabu (2/08) petang.

Harian Bangsa, Page-4, Friday, August 4, 2017

Cheap LNG, Gas Consumption Will Increase

How do you think business prospects in Indonesia?

Prospect in Indonesia is very good. There is a huge opportunity for diesel substitution to gas here. So the demand here is huge. In fact, I do not see the price of LNG [gaseous liquid] rising in the next few years.

What happens to the market, Qatar in my opinion there will be no increase in LNG prices. With such stable prices, the odds of moving from diesel to LNG are getting bigger. If you can control the capital expenditure on your project, you can have more opportunities.

I do not have to look at politics or regulations here because I have not been here long. However, I think the industry here is only fixated on what has been known. Actually, more because of the cost. If the cost of LNG is cheaper, the development of gas consumption will not be hampered. In addition, talk about the environment, LNG cleaner than diesel. I think this will no longer be a problem in Indonesia.

However, in the future will be a problem. Not only in Indonesia, but wherever all business actors must follow environmental regulations. In Indonesia, we are partnering with Risco Energy. We are still building business in Indonesia. However, we are still looking for prospects such as LNG imports not only for the needs of mining, but also for other sectors such as power plants.

We're talking to one of the clients, I do not want to disclose it, but we have not agreed to anything yet. However, they are Indonesian private companies interested in bringing LNG into Indonesia for power generation and other industrial consumers.

Is there a challenge to enter the Indonesian market?

As I mentioned earlier, this industry is an industry that is afraid of the unknown. During this time, trucks are already using diesel so you have to use efficient technology. Cost-effective so you can change your options to gas when you can still use diesel. That's the challenge. To make that first, that's the hardest point because you need a reference.

California has a vehicle that uses LNG. Norway may not be in a large truck for the mining sector, but as long as feasible and economical, and environmentally friendly, it will be accepted.

What about LNG receiving and regasification terminal projects in Indonesia?

Yes it is possible in Indonesia. This can be done in all small and medium-sized class markets. Indonesia is a bit like the Philippines because it is an archipelagic country. We can supply LNG carriers that deliver And move to different islands with large capacity, but it would not be economical if implemented here. We will use Small-scale ships that will do that. We can do this. The Japanese have done it they have a small boat to transfer LNG, Norway as well. They send LNG to some areas.

Norway is not composed of several islands, but the terrain is very difficult. It is very difficult to get LNG through a truck. So what they are doing is using small-scale vessels to deliver LNG. For storage. We design several types of sizes to suit the needs of clients. Size up to 16,000 cubic meters, penyimpannnya capacity can be realized for on land or offshore.

We can provide the appropriate economy. Our unit regasification can be small at around 125 MMscfd. We target our project 40% less than capex with the same project.

Where are the projects already in progress in Asia?

AG & P has been doing business in LNG for the last 3 years. As a manufacturer, we have built modules for base load and natural gas liquefaction refinery, large gas liquefaction plant, but now we move to our developers and sales.

IN INDONESIA

LNG Murah, Konsumsi Gas Akan Meningkat

Menurut Anda, bagaimana prospek bisnis di Indonesia?

Prospek di indonesia sangat bagus. Terdapat peluang substitusi diesel ke gas yang sangat besar di sini. Jadi demand di sini sangat besar. Sesungguhnya, saya tidak melihat harga LNG [gas alam cair] naik dalam beberapa tahun ke depan. 

Apa yang terjadi dengan market, Qatar menurut saya tidak akan ada penaikan harga LNG. Dengan harga yang stabil seperti saat ini, peluang perpindahan dari diesel ke LNG semakin besar. Bila bisa mengontrol belanja modal pada proyek Anda, Anda bisa punya lebih banyak peluang.

Saya tidak telalu melihat soal politik atau regulasi di sini karena saya belum lama di sini. Namun, menurut saya industri di sini hanya terpaku pada apa yang telah diketahui. Sebenarnya, lebih karena biaya. Bila biaya LNG Iebih murah, pengembangan konsumsi gas tidak akan terhambat. Selain itu, bicara soal lingkungan, LNG lebih bersih dari diesel. Saya pikir ini tidak akan lagi menjadi masalah di Indonesia.

Namun, di masa depan akan menjadi masalah. Tidak hanya di Indonesia, tetapi dimana pun nantinya semua pelaku usaha harus mengikuti regulasi terkait lingkungan. Di Indonesia, kita bermitra dengan Risco Energy. Kami masih membangun bisnis di Indonesia. Namun, kami masih mencari prospek seperti importasi LNG tidak hanya untuk kebutuhan perlambangan, tetapi juga untuk sektor lain seperti pembangkit listrik.

Kami sedang bicara dengan salah satu klien, saya tidak mau membeberkannya, tapi kami belum menyetujui apapun. Namun, mereka merupakan perusahaan swasta Indonesia yang tertarik untuk membawa LNG masuk ke Indonesia untuk pembangkit listrik dan konsumen industri lainnya.

Apakah ada tantangan untuk masuk ke pasar Indonesia?

Seperti yang saya singgung sebelumnya, industri ini merupakan industri yang takut pada hal yang tidak diketahui. Selama ini, truk sudah menggunakan diesel jadi Anda harus menggunakan teknologi yang efisien. efektif dari segi biaya sehingga Anda bisa mengubah pilihan ke gas ketika masih bisa menggunakan diesel. Itulah tantangannya. Untuk membuat yang pertama kali, itulah titik tersulit karena Anda membutuhkan referensi. 

California punya kendaraan yang menggunakan LNG. Norwegia mungkin bukan di truk besar untuk sektor pertambangan, tetapi asalkan layak dan aspek ekonomis, dan ramah lingkungan, pasti akan diterima.

Bagaimana dengan proyek-proyek terminal penerimaan dan regasifikasi LNG di Indonesia?

Ya itu memungkinkan di Indonesia. lni bisa dikerjakan di semua pasar kelas skala kecil dan menengah. Indonesia sedikit mirip dengan Filipina karena merupakan negara kepulauan. Kami bisa menyediakan kapal pengangkut LNG yang mengantar dan berpindah ke pulau berbeda berkapasitas besar, tapi itu tidak akan ekonomis jika diterapkan disini. 

    Kami akan menggunakan kapal skala kecil yang akan melakukan itu. Kita bisa melakukan ini. Jepang sudah melakukannya mereka punya kapal kecil untuk mentransfer LNG, Norwegia juga. Mereka mengirim LNG ke beberapa daerah.

Norwegia bukan terdiri dari beberapa pulau, tetapi medannya sangat sulit. Sangat sulit untuk mendapatkan LNG melalui truk. Jadi apa yang mereka kerjakan adalah menggunakan kapal skala kecil untuk mengantar LNG. Untuk penyimpanan. kami mendesain beberapa jenis ukuran untuk menyesuaikan dengan kebutuhan klien. Ukurannya sampai 16.000 meter kubik, kapasitas penyimpannnya pun bisa direalisasikan untuk di darat atau lepas pantai.

Kami bisa menyediakan yang sesuai keekonomian. Regasifikasi unit kami bisa berukuran kecil sekitar 125 MMscfd. Kami menargetkan proyek kami 40% lebih kecil dari capex dengan proyek yang sama.

Di mana proyek yang sudah dan sedang berjalan di Asia? 

       zAG&P berbisnis di LNG sejak 3 tahun terakhir. Kami sebagai pabrikasi, kami telah membangun modul untuk base load dan kilang pencairan gas alam, kilang pencairan gas yang besar, tetapi sekarang kita bergerak ke pengembang dan penjualan kami.

Bisnis Indonesia, Page-30, Friday, August 4, 2017

Gas Price Proposed

The Coordinating Ministry of Economy offers solutions to reduce gas prices so that fertilizer producers can compete in the global market. The condition of excess fertilizer production capacity and low gas prices make domestic fertilizer companies still difficult to export.

Edy Putra Irawady, Deputy of Commerce and Industry of the Coordinating Ministry for Economic Affairs, said that the fertilizer industry can not export because the selling price from Malaysia is US $ 190 per ton. Meanwhile, domestic fertilizer production cost alone can reach US $ 260 per ton.

"So indeed I have said there are 14 fertilizer factories. Just give the subsidized gas price up to US $ 3 per MMBtu for seven existing factories, "he said

Meanwhile, the remaining seven plants are advised not to do their own production or leased to private.

"Please go to commercial. So it's a win-win solution. "

Meanwhile, President Director of PT Pusri Palembang, Mulyono Prawiro, said that the low gas price in a country must be followed by the growth of the fertilizer industry, such as the United States (US) and Iran which is developing fertilizer industry. From data of PT Pusri Palembang, a subsidiary of PT Pupuk Indonesia, the production capacity reaches 228 million tons per year and the world fertilizer consumption is only 177 million tons per year.

As a result, the price of urea-based fertilizers dropped dramatically to US $ 192 per tonne last year. This also occurs in the types of ammonia and NPK fertilizers. Meanwhile, the cost of urea fertilizer production in Indonesia is far above the selling price of US $ 240 tons.

One of the reasons for the difficulty of competing Indonesian fertilizer is the domestic gas selling price of US $ 5.15 per MMBtu or about US $ 149 per ton. In the US and Venezuela the selling price of gas is only US $ 2.4 per MMBtu and US $ 1 MMBtu respectively.

Although Minister of Energy and Mineral Resources Regulation No.16 / 2016 on Pricing and Specific Gas User Practices has been issued, gas prices in Indonesia are still higher than prices paid by other international urea fertilizer producers. The high price of gas suppresses Indonesia's competitiveness.

IN INDONESIA

Harga Gas Diusulkan

Kementerian Koordinator bidang Perekonomian menawarkan solusi agar harga gas bisa ditekan sehingga produsen pupuk dapat bersaing di pasar global. Kondisi kelebihan kapasitas produksi pupuk serta harga gas rendah membuat perusahaan pupuk di dalam negeri masih sulit melakukan ekspor. 

Edy Putra Irawady, Deputi Bidang Perniagaan dan Industri Kementerian Koordinator Bidang Perekonomian, menuturkan industri pupuk tidak dapat melakukan ekspor karena harga jual dari Malaysia sekitar US$ 190 per ton. Sementara itu, biaya produksi pupuk di dalam negeri saja dapat mencapai US$ 260 per ton. 

“Jadi memang pernah saya bilang ada 14 pabrik pupuk. Berikan saja subsidi harga gas hingga US$ 3 per MMBtu untuk tujuh pabrik yang ada,” ujarnya

Adapun, tujuh pabrik sisanya disarankan tidak melakukan produksi sendiri atau disewakan ke swasta. 

“Silahkan diberikan ke komersial. Jadi itu win-win solution-nya.”

Sementara itu, Direktur Utama PT Pusri Palembang Mulyono Prawiro mengatakan rendahnya harga gas di suatu negara pasti diikuti oleh pertumbuhan industri pupuk, misalnya Amerika Serikat (AS) dan Iran yang sedang mengembangkan industri pupuk. Dari data PT Pusri Palembang, anak usaha PT Pupuk Indonesia, kapasitas produksi mencapai 228 juta ton per tahun dan konsumsi pupuk dunia hanya 177 juta ton per tahun. 

Akibatnya, harga pupuk jenis urea turun drastis hingga US$ 192 per ton mulai tahun lalu. Ini juga terjadi di jenis pupuk amoniak dan NPK. Sementara itu, biaya produksi urea Pupuk Indonesia jauh di atas harga jual tersebut, yakni US$ 240 ton.

Salah satu penyebab sulitnya pupuk Indonesia bersaing adalah harga jual gas di dalam negeri sebesar US$5,15 per MMBtu atau kira-kira US$149 per ton. Di AS dan Venezuela harga jual gas masing-masing hanya US$ 2,4 per MMBtu dan US$1 MMBtu.

Meskipun Peraturan Menteri ESDM No.16/2016 tentang Tata Cara Penetapan Harga dan Pengguna Gas Bumi Tertentu telah diterbitkan, harga gas di Indonesia masih lebih tinggi daripada harga yang dibayar produsen pupuk urea internasional lainnya. Tingginya harga gas menekan daya saing Indonesia. 

Bisnis Indonesia, Page-30, Friday, August 4, 2017

Although Improved, Natural Gas Prices Still Vulnerable Down

Natural gas prices managed to strengthen after earlier this week touched the lowest level since May 2016. But natural gas is still overshadowed by negative sentiment because of the issue of supply and weather are less supportive.

Thursday (3/8) at 20:41 pm showed that the price of natural gas on the New York Mercantile Exchange delivery in September 2017 sold US $ 2.83 per mmbtu, up 0.67% compared with the previous day. But last week, prices trimmed 3.77%.

Andri Hardianto, Asia Tradepoint Futures analyst, sees that currently the price of natural gas is in sideways position. Although prices are gradually improving, but the market is still waiting and see waiting for the release of data on natural gas stocks of the United States (US). 

Market participants forecast the amount of US natural gas stock last week's Energy Information Administration (EIA) version rose from 17 billion cubic feet to 23 billion cubic feet.

"If appropriate expectations, it could be the price of natural gas will be back depressed," said Andri, Thursday (3/8).

In addition to supply factors, unusually hot summer weather conditions in the US are likely to suppress demand. This weather issue is important because 50% of natural gas consumption in the US comes from household activities. If the weather is not as hot as usual, then the use of refrigeration will be reduced.

Not only the US, negative sentiment also came from Japan. After a time to increase natural gas demand because there is a leak of nuclear reactors some time ago, now the Sunrise Country is actually reactivate nuclear power plants, so the demand for natural gas back down.

"Until the end of the third quarter, the possibility of natural gas price will move in the range of US $ 2.60-US $ 2.70 per mmbtu," said Andri.Although the current supply of natural gas from Qatar is being disrupted due to air sanctions imposed by Saudi Arabia, But it will not affect the price movement of natural gas, which is more influenced by US supply and demand conditions.

Technically, the current price of natural gas moves above the moving average line (MA) 50, MA 100 and MA 200. Then the moving average convergence divergence (MACD) is in the negative area of ​​0.04. The indicator of the relative strength index (RSI) moves up at the 38 level. Then the stochastic indicator moves up to the level of 28.5 Although the fundamental condition gives a correction signal, technically all indicators indicate price strengthening.

On Friday (4/8), Andri predicts natural gas prices will move in the range of US $ 2.75-US $ 2.83 per mmbtu. Meanwhile, the next week, the price will move in the range of US $ 2.71-US $ 2.90 per mmbtu.

IN INDONESIA

Meski Membaik, Harga Gas Alam Masih Rentan Turun

Harga gas alam berhasil menguat setelah awal pekan ini menyentuh level terendah sejak Mei 2016. Namun gas alam masih dibayangi sentimen negatif karena isu pasokan dan cuaca yang kurang mendukung.

Kamis (3/8) pukul 20.41 WIB memperlihatkan, harga gas alam di New York Mercantile Exchange pengiriman September 2017 dijual US$ 2,83 per mmbtu, naik 0,67% dibandingkan dengan hari sebelumnya. Namun sepekan terakhir, harga terpangkas 3,77%.

Andri Hardianto, analis Asia Tradepoint Futures, melihat, saat ini harga gas alam sedang berada dalam posisi sideways. Walau harga berangsur-angsur membaik, tetapi pasar masih wait and see menanti rilis data stok gas alam Amerika Serikat (AS). 

     Pelaku pasar memprediksikan jumlah stok gas alam AS pekan lalu versi Energy Information Administration (EIA) naik dari 17 miliar kaki kubik menjadi 23 miliar kaki kubik.

"Jika sesuai ekspektasi, bisa jadi harga gas alam akan kembali tertekan," terang Andri, Kamis (3/8).

Selain faktor pasokan, kondisi cuaca musim panas yang tidak sepanas biasanya di AS berpeluang menekan permintaan. Persoalan cuaca ini menjadi penting karena 50% konsumsi gas alam di AS berasal dari aktivitas rumah tangga. Jika cuaca tidak sepanas biasanya, maka pemakaian alat pendingin akan berkurang.

Tidak hanya AS, sentimen negatif juga datang dari Jepang. Setelah sempat menambah permintaan gas alam karena ada kebocoran reaktor nuklir beberapa waktu lalu, kini Negeri Matahari Terbit itu malah mengaktifkan kembali pembangkit listrik tenaga nuklirnya, sehingga permintaan gas alam kembali turun.

“Sampai akhir kuartal tiga nanti kemungkinan harga gas alam akan bergerak di kisaran US$ 2,60-US$ 2,70 per mmbtu," kata Andri. Walaupun saat ini pasokan gas alam dari Qatar sedang terganggu akibat sanksi udara yang diberlakukan Arab Saudi, tetapi hal itu tidak akan mempengaruhi pergerakan harga gas alam. Harga komoditas energi itu lebih dipengaruhi oleh kondisi pasokan dan permintaan AS.

Secara teknikal, saat ini harga gas alam bergerak diatas garis moving average (MA) 50, MA 100 dan MA 200. Kemudian Moving Average Convergence Divergence (MACD) berada di area negatif 0,04. lndikator relative strength index (RSI) bergerak naik di level 38. Lalu indikator stochastic bergerak naik ke level 28,5 Meski kondisi fundamental memberi sinyal koreksi, tetapi secara teknikal seluruh indikator mengisyaratkan penguatan harga.

Pada Jumat (4/8) ini, Andri memprediksi harga gas alam akan bergerak pada kisaran US$ 2,75-US$ 2,83 per mmbtu.  Sementara sepekan berikutnya, harga akan bergerak pada kisaran US$ 2,71-US$ 2,90 per mmbtu.

Bisnis Indonesia, Page-25, Friday, August 4, 2017