The Oil And Gas Industry Needs To Take The Momentum Of Energy Transition To Improve Domestic LNG Potential

Head of SKK Migas Dwi Soetjipto in Bali. (Photo: VOI/Mery Handayani)

JAKARTA - The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) utilizes the momentum of the energy transition to optimize the productivity of natural gas production in liquid or Liquidized Natural Gas (LNG). Given that LNG has an important role in the global arena. Head of SKK Migas Dwi Soetjipto explained, in addition to global challenges, the oil and gas industry faces energy transition challenges. However, SKK Migas sees this energy transition as a momentum for the upstream oil and gas industry to increase LNG potential in the country. Furthermore, he explained that in the energy transition era, LNG will play an important role in the next few years. Because LNG will be a bridge in the energy transition process from fossil to clean energy. Not only that, the bright prospects of LNG are also based on the urgent need for natural gas supply in Europe and population and economic growth in Asian countries such as India and Indonesia. "So as we know, Indonesia's potential in gas is very good. Indonesia is very good to meet the world energy needs and fulfill domestic energy needs," he said on the sidelines of the IOG Convention 2022 event, in Nusa Dua, Bali, Wednesday 23 November.

Dwi explained that with the current LNG potential in Indonesia, it can also encourage investment growth in the country. "As a country that has extensive experience as an LNG producer, Indonesia has excellent opportunities to attract investment," he said.