April 30, 2012

Coal confusion confounds RI

The Jakarta Post | May 1, 2012 | Rangga D. Fadillah

PT Tambang Batubara Bukit Asam (PTBA) recently turned to President Susilo Bambang
Yudhoyono to resolve its dispute with the Lahat regency administration in South Sumatra.

The state-controlled coal miner claims that it has lost US$2.3 billion in potential revenue since the regency unilaterally granted 26 firms licenses to mine coal in the company’s concession in 2005.

In a separate incident, Churchill Mining Plc., a London-listed miner which lost its case in an Indonesian court, said it would seek an award of $2 billion compensation from an international arbitrator in its dispute with the administration of East Kutai, East Kalimantan, for allegedly granting another firm the right to operate in Churchill’s concession.

No checks on coal exploitation

The Jakarta Post, | April 30, 2012 | Hasyim Widhiarto,

Indonesia may be the world’s top coal exporter, but limitations in the supervision of coal mining may be placing the country at risk of massive financial losses and environmental damage, an investigative audit by the Supreme Audit Agency (BPK) has revealed.

The audit, a copy of which was obtained recently by The Jakarta Post, blamed the Energy and Mineral Resources Ministry for failure to provide a set of decrees stipulating a mechanism on supervisions and sanctions for coal miners as mandated by the 2009 Minerals and Coal Law.

April 28, 2012

Legislator: Permen No.7/2012 tak sesuai UU

Anggota Komisi VII DPR Dewi Aryani mengatakan, Peraturan Menteri ESDM (Permen ESDM) No. 7 tahun 2012 tentang Peningkatan Nilai Tambah Melalui Kegiatan Pengolahan dan Pemurnian Mineral, tidak sesuai dengan UU No. 4/2009 tentang Mineral dan Batu Bara (Minerba).

"Saya minta agar pemerintah agar merevisi Permen No. 7/2012 serta memperbaiki naskah Permen karena ada salah ketik, seperti tidak ada isi Bab VIII, sedang Bab IX ada isinya," katanya dalam Seminar tentang Tambang Untuk Siapa, di gedung KNPI Jakarta, Rabu (26/4).

April 26, 2012

Mining industry demands clarity on export ban

Rangga D. Fadillah | The Jakarta Post, Jakarta | Mon, 04/16/2012

Mining industry stakeholders want the government to immediately clarify a decision to ban metal ore exports to avoid confusion that might hinder growth.

Komaidi Notonegoro, a mining expert from ReforMiner Institute, said that the current regulatory framework allowed for multiple interpretations that did not give companies legal certainty.

Bontang LNG plant may lose 2 cargoes this year

The Jakarta Post | April 17, 2012 | Rangga D. Fadillah

Upstream oil and gas regulator BPMigas reported that the decline in gas production at the Mahakam block in East Kalimantan might cause the Bontang liquefied natural gas (LNG) plant to lose between 18 and 20 cargoes this year.

The block produced only 1,800 million standard cubic feet of gas per day (mmscfd) from the target of 2,020 mmscfd, which meant that the gas supply for the LNG plant decreased significantly, said BPMigas operation deputy Rudi Rubiandini on Monday.

China LNG deal, a test of patience

The Jakarta Post | April 17, 2012 | Rangga D. Fadillah,

After more than six years of almost no progress, the plan to renegotiate LNG contracts with China has raised a great deal of concern over the government’s commitment to reap maximum benefits amid skyrocketing global energy prices.

Upstream oil and gas regulator BPMigas has urged the government to expedite internal processes for a renegotiation so as to avoid growing potential losses from an agreement that was based on an unfavorable pricing system.

Floating production facility for Cepu ready for construction

The Jakarta Post | April 26, 2012 |

A vessel that will be converted into a floating storage and off loading (FSO) unit for the Cepu oil and gas block in East Java has arrived in Singapore’s Sembawang shipyard, paving the way to begin commercial operations in May 2014.

The conversion process for the vessel, named MT Chios, will commence after its official inauguration on April 14 following its arrival in Singapore on March 22, said Rudi Rubiandini, the operational deputy of upstream oil and gas regulator BPMigas.


Export tax to become effective in May

The Jakarta Post | April 18, 2012 | Rangga D. Fadillah

The Energy and Mineral Resources Ministry revealed on Tuesday that it would issue a regulation on a mineral ore export tax before May 6.

The ministry’s director general for minerals and coal, Thamrin Sihite, said the government was now intensively discussing the export tax, but as of today, there was no agreement made on the rate.

RI to produce 500 mmscfd of CBM in 2015

The Jakarta Post | April 26, 2012 | Rangga D. Fadillah

The Energy and Mineral Resources Ministry has revealed that it aims to produce 500 million standard cubic feet per day (mmscfd) of coal bed methane (CBM) by 2015 in a bid to diversify the country’s energy utilization.

Currently, CBM production in Indonesia is still very low and cannot be calculated accurately because most of the projects are still in the exploration phase or dewatering process (pumping out water from CBM wells), said the ministry’s director general for oil and gas, Evita Herawati Legowo.

Belawan FSRU relocation to Lampung in limbo

The Jakarta Post | April 26, 2012 | Rangga D. Fadillah

Plans to relocated a floating storage and re-gasification unit (FSRU), originally slated to be stationed in Belawan, North Sumatera, to a new location in Lampung have stumbled as the government has failed to issue an official ruling to authorize the plan.

The director general for oil and gas at the Energy and Mineral Resources Ministry, Evita Herawati Legowo, revealed Wednesday that the government was still discussing the plan and no decision had been made yet.

Pertamina has five new directors

The Jakarta Post | April 20, 2012

JAKARTA: State oil and gas firm PT Pertamina announced on Wednesday that State-Owned Enterprises Minister Dahlan Iskan had decided to install five new directors in the company.

The directors are Chrisna Damayanto as processing director replacing Edi Setianto, Hanung Budya Yuktyanta as business and marketing director replacing Djaelani Sutomo, Evita Maryanti Tagor as human resources director replacing Rukmi Hadi Hartini, Luhur Budi Djatmiko as general affairs director replacing Waluyo and Hari Karyuliarto as gas director.

Pertamina set to spend $50m for CBM development

The Jakarta Post | April 20, 2012 | Rangga D. Fadillah
State-run oil and gas firm PT Pertamina, through its subsidiary PT Pertamina Hulu Energi (PHE), has set aside US$50 million for the development of coal-bed methane (CBM) from 2009 until 2015.

Budi Tamtomo, PHE’s vice president for Java assets and CBM, said the funds would be used in the first three years, mainly for drilling 50 exploration wells and conducting geological and geophysical studies.

Pertamina halts Java gas storage project

The Jakarta Post | April 20, 2012 | Rangga D. Fadillah

Indonesia’s plan to improve gas infrastructure took a stumble on Thursday when state oil and gas company PT Pertamina announced that it had halted the construction of a floating storage and re-gasification unit (FSRU) in Central Java.

The decision came after the State-Owned Enterprises (SOE) Ministry issued a letter telling state gas distributor PT Perusahaan Gas Negara to relocate its planned FSRU in Belawan, North Sumatra, to Lampung, according to Gunung Sardjono Hadi, president director of PT Pertamina Gas (Pertagas), a subsidiary of Pertamina.

Executive column: Regional power struggle hurts investment: Aneka Tambang

The Jakarta Post | April 23, 2012

Overlapping land use rights and mining permits (IUP) are two of the most common challenges facing investments in the mining industry. Such a situation, experts say, has been made worse by the proliferation of regional autonomy, which in many cases gave birth to poor resource management due to lack of capacity, corruption and political bickering. To gain insight on the matter and to discuss other issues facing the industry, The Jakarta Post’s Rangga D. Fadillah spoke with PT Aneka Tambang president director Alwinsyah Lubis. Below are excerpts from the interview.

Question: How do overlapping permit problems influence the investment climate in the mining sector?

Gas producers team up with regional heads

The Jakarta Post | April 24, 2012 | By: Rangga D. Fadillah

The government has brought its plan to boost the utilization of natural gas in the transportation sector a step closer to reality after the signing of memorandum of understanding (MoU) between gas producers and regional administrations in Jakarta on Monday.

Under the agreement, a total of 35.5 million standard cubic feet per day (mmscfd) of gas will be supplied to Greater Jakarta (Jakarta, Bekasi, Bogor, Depok and Tangerang); Surabaya, Gresik and Sidoarjo in East Java; and Palembang in South Sumatra.

First LNG for domestic users dispatched

The Jakarta Post | April 26, 2012

Liquefied natural gas (LNG) producer PT Badak NGL, a subsidiary of state oil and gas firm PT Pertamina, began the first LNG delivery from the Bontang LNG plant in East Kalimantan to a floating storage and re-gasification unit (FSRU) in Jakarta Bay, West Java, on Wednesday.

Pertamina gas director Hari Karyuliarto said the shipment was the first LNG delivery to the domestic market since PT Badak NGL was established in 1974.

April 13, 2012

Tangguh to Sell Spare LNG Supplies

The Jakarta Globe | April 13, 2012

Indonesia’s Tangguh liquefied natural gas plant in West Papua plans to offer as many as eight cargoes of the fuel to the spot market, according to oil and gas regulator BPMigas.

“Six is the minimum, up to eight, depending on production,” Rudi Rubiandini, deputy of operations at BPMigas, said by telephone from Jakarta. The cargoes will begin loading in May and continue through the year, he said.

Govt to remove land, building tax for deep-water explorations

The Jakarta Post | April 13, 2012

The Energy and Mineral Resources Ministry has requested the Finance Ministry to remove the land and building tax (PBB) for oil and gas explorations in deep water areas in a bid to boost the country’s future production.

The ministry’s director general for oil and gas, Evita Herawati Legowo, said the imposition of the tax would discourage oil and gas companies to explore areas, considering the huge investment required and high risks faced by the companies.

Miners oppose govt’s export tax plan

The Jakarta Post | April 13, 2012

Indonesian mining companies have strongly protested the government’s plan to impose a 25 percent export tax on mineral ores and coal, saying that the measure would severely hurt their businesses because they already pay high income tax rates.

The executive director of the Indonesian Mining Association (IMA), Syahrir Abubakar, said in Jakarta on Thursday that the government should be aware that under their contracts of works, miners paid corporate income rate of between 35 and 45 percent, which was higher than the 25 percent imposed on other companies.

April 10, 2012

Govt wants more smelters for Riau Islands, W. Kalimantan

The Jakarta Post | April 11, 2012

The government is encouraging the development of aluminum refinery plants in Indonesia’s two largest bauxite producing provinces; Riau Islands and West Kalimantan.

The provinces have a total bauxite reserve of 3.47 billion tons, Energy and Mineral Resources Ministry’s data shows.

As a bauxite-producing nation, Indonesia does not yet have smelters to process bauxite into alumina and therefore all ore produced in the country is exported to Japan and China, while to supply alumina to aluminum plants in the country, material is mostly imported from Australia.

RI will not sell raw natural resources after 2014: Govt

The Jakarta Post | April 10, 2012

Hatta Radjasa (JP)Hatta Radjasa (JP)The government has said that Indonesia will not export raw natural resources after 2014 and that it will renegotiate contracts with private companies processing the country’s commodities.

Coordinating Economic Minister Hatta Radjasa said Tuesday that all natural resources in Indonesia should be processed domestically.

April 9, 2012

Pertamina Hulu Energi to buy 8 overseas blocks

The Jakarta Post | April 07, 2012

Pertamina Hulu Energi (PHE) says it will buy stakes in eight oil and gas blocks in the Asia-Pacific region to boost production.

PHE, as a subsidiary of state-run oil and gas firm PT Pertamina, would follow the policies of its parent company, PHE president director Salis S. Aprilian told reporters in Jakarta on Thursday.

“[Pertamina’s] upstream directorate chooses which assets to acquire and then PHE will execute the plan. For this year, the blocks may be in the Middle East, Thailand, Vietnam or Myanmar. The location will be in Asia Pacific,” he said.

April 3, 2012

Govt sets up special tax offices to probe mining, oil and gas firms

The Jakarta Post | April 3, 2012

The Directorate General of Taxation has established two new offices dedicated to handling the tax obligations of mining, oil and gas companies.

Director general Fuad Rahmany said on Monday that the establishment of the two offices was important to ensure that mining, oil and gas companies paid their dues.

Fuad said that for decades, Indonesia, as one of the members of the Organization of the Petroleum Exporting Countries (OPEC), had been unable to fully verify its potential tax income from the mining, oil and gas sectors.

Rule on oil, gas contract extensions expected


The Jakarta Post | April 3, 2012

The Energy and Mineral Resources Ministry will issue a regulation on extending oil and gas contracts to provide concession holders with more legal certainty, an official says.

The spokesperson for upstream oil and gas regulator BPMigas, Gde Pradnyana, said on Monday that there were currently no clear regulations covering the conditions and procedures for contract extensions.

April 2, 2012

26 Blok Migas

Pemerintah ditengarai tengah mempersiapkan peraturan Menteri ESDM mengenai perpanjangan kontrak migas. Saat ini sebanyak 26 blok migas akan berakhir masa operasinya, mulai 2013 sampai dengan 2020. Berikut adalah daftar 26 blok migas beserta nama operator dan tanggal berakhirnya kontrak. Daftar ini dikutip dari buku Migas dan Energi di Indonesia karya Widjajono Partowidagdo yang dimuat dalam Koran Tempo edisi Selasa, 3 April 2012.

PPA 3 proyek PLTA diteken 2013

Pemegang studi kelayakan proyek peroleh prioritas
Bisnis Indonesia | 2 April 2012


PT Perusahaan Listrik Negara (Persero) berharap perjanjian jual beli listrik tiga proyek PLTA yang ditender dengan skema kerja sama pemerintah-swasta bisa ditandatangani tahun depan dengan harga di bawah US$0,9 per kWh.

Ketiga pembangkit listrik tenaga air (PLTA) itu adalah PLTA Karama, PLTA Kerinci, dan PLTA Batang Toru. Total investasi ketiga PLTA itu mencapai US$2,91 miliar, atau setara dengan Rp26 triliun.
__________

3 PLTA Project with PPA Scheme Signed 2013
The holder of study of Project feasibility to be prioritized
 


PT Perusahaan Listrik Negara (Persero) hopes the agreement of electricity sale-purchase of three Hydro Power Plants (PLTA) that been tendered using PPA scheme can be signed in the next year with the price set under US$0.9 per Kwh.

The Three PLTAs are PLTA Karama, PLTA Kerinci, and PLTA Batang Toru. Total investment of the three PLTAs reach US$2.91 billion or equivalent with IDR26 Trillion.


April 1, 2012

Ditjen Pajak Bentuk KKP Khusus Migas dan Pertambangan


www.detik.com | 2 April 2012
Jakarta - Wajib pajak di sektor Minyak dan Gas Bumi (Migas) serta Pertambangan tidak lagi bisa membayar pajak di Kantor Pelayanan Pajak (KPP) biasa, pasalnya Direktorat Jenderal Pajak (DJP) telah membentuk KPP khusus untuk sektor Migas dan Pertambangan. Ditjen Pajak telah meresmikan KKP tersebut mulai 1April 2012.
__________

DGT officially establish tax office for oil-gas and mining companies

Jakarta - Tax payer from oil-gas company and mining companies has new tax office since Directorate General of Taxation establish Special Tax Office for tax payer from oil-gas and mining sector. The establishment is regulated under MoF regulation Number 29/PMK.01/2012 regarding the amendment of MoF Regulation Number 62/PMK.01/2009 regarding Structure and Operational of Institutions of Directorate General of Taxation Dated February 13, 2012.