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BUSINESS1d agoWill diversifying fuel imports be enough to fix Indonesia’s energy shortfall?Indonesia is looking beyond Singapore for petrol supplies as it seeks to reduce its dependence on a single source, but analysts say diversifying imports will do little to address the country’s fuel production shortfall without faster refinery modernisation and investment in alternative fuels. Indonesia has long sourced petroleum products from Singapore, including RON 90 petrol, which has a minimum octane rating of 90 and is marketed domestically as Pertalite. Singapore’s geographic proximity,...South China Morning Post

BUSINESS2d agoRapide Group signs LoI to acquire Indonesian Commodities BusinessRapide Group has signed a Letter of Intent to acquire an Indonesian commodities business, signaling potential expansion in the sector.Seeking Alpha Tech

BUSINESS5d agoIndonesia defends Singapore gas cuts, cites rising domestic needs and contractual limitsIndonesia has defended its decision to cut natural gas exports to Singapore, citing domestic electricity and industrial needs and arguing that the reduction remains within contractual limits. The cuts came days after Indonesia’s energy minister warned that his country could stop exports to nations that “did not respect” it. On Monday, Energy Minister Bahlil Lahadalia defended the reduction of 31 million standard cubic feet per day in pipeline gas exports to Singapore, saying it represented about...South China Morning Post

BUSINESS6d agoSingapore tells suppliers to ‘honour commitments’ amid Indonesia’s gas cutSingapore expects all parties who have signed commercial contracts for gas supplies to “honour their commitments”, said Prime Minister Lawrence Wong on Sunday after Indonesia cut its exports. Speaking at the People’s Action Party (PAP) convention, Wong added that Singapore’s gas importer will take the necessary steps to protect its rights and interests. Indonesia began reducing natural gas exports to Singapore on Saturday. Indonesia’s upstream oil and gas regulator SKK Migas said the move was to...South China Morning Post