Indonesia Agrees On Energy And Mineral Resources Sector Cooperation With PEA

Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia and Minister of Energy and Infrastructure of PEA Suhail Mohammed Faraj Al Mazrouei (Kemen ESDM)

JAKARTA - The Government of the Republic of Indonesia and the United Arab Emirates (PEA) strengthen bilateral relations in the energy sector and mineral resources in expanding cooperation coverage ranging from information and policy exchange, collaboration between business entities, project financing, transfer of clean technology to human resource development.

The strengthening of the cooperation was stated through the Memorandum of Understanding (MSP) signed by the Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia and the Minister of Energy and Infrastructure of PEA Suhail Mohammed Faraj Al Mazrouei.

Prior to the signing, Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia accompanied President Prabowo to a bilateral meeting to exchange views on issues of common interest that would provide benefits to the two countries.

Bahlil expressed the importance of MSP for both parties in deepening the involvement and friendship of the two countries.

According to Bahlil, this can be seen from the commitment of the two countries to review each other's benefits and experiences in order to support the development of the energy sector and mineral resources globally.

"We believe, with a slick synergy, Indonesia and PEA can be a pioneer in transforming global energy," Bahlil said in his statement, Sunday, November 24.

Through PEA support, Bahlil said that Indonesia can accelerate the development of the energy sector by utilizing innovative technology and sustainable management of mineral resources.

According to Bahlil, this is part of one of the manifestations of the Asta Cita program promoted by President Prabowo, especially related to energy self-sufficiency and downstreaming.

"Through this MSP, we not only strengthen friendship, but create concrete solutions in overcoming energy challenges in the country and globally," he said.

Bahlil said that this collaboration can encourage collaboration between business entities from the two countries in the field of mineral supply chains, which includes integrated midstream and downstream processing and manufacturing.

"This collaboration is part of the development of EBT, including the initiative to decarbonize, reduce emissions, and develop oil and gas activities covering upstream and downstream by encouraging technology and low-emission innovation," he said.

In detail, the implementation of the cooperation contained in the MSP, includes sharing knowledge related to policies, strategies and regulations, opening up opportunities for financing in the Carbon Capture Storage/Carbon Capture Utilization Storage (CCS/CCUS) project and developing innovative technologies for biofuels and hydrogen, as well as improving the competence of Human Resources in the energy sector.

Bahlil assessed that the expansion of this collaboration was in line with Indonesia's great vision to achieve Net Zero Emissions by 2060. Therefore, the Government is optimistic that the support from PEA can strengthen Indonesia's position as a key player in the global energy sector.

With the signing of this MoU, Bahlil conveyed that Indonesia and PEA are committed to not only adapting to the changing times, but also leading a sustainable and inclusive energy transformation.

"This is about the legacy of the energy sector that we leave behind for future generations," concluded Bahlil.