Indonesia energy remains stable as neighbor declares emergency
Baku, March 25, AZERTAC
Indonesia's Energy and Mineral Resources Ministry has assured that the nation’s energy supply and reserves remain at safe levels, even as a neighboring country declares an energy emergency due to the conflict in the Middle East, according to Antara.
"As for Indonesia, the national energy supply remains at the safe and managed level, either for oil fuels and liquid petroleum gas," ministry spokesperson Dwi Anggia told ANTARA here on Wednesday. She said that the government continues monitoring global developments closely, including the situation in the Middle East, amidst the ongoing war between the United States, Israel, and Iran.
The ministry and all related stakeholders, she noted, have prepared various measures to maintain the nation's energy stocks' stability.
"It is in line with President Prabowo Subianto's instruction that all officials must manage the nation's energy optimally and adaptively to global developments," Anggia stated.
The ministry, she said, is strengthening energy supply and distribution monitoring nationally and promoting energy diversification.
The ministry spokesperson assured the public that the measures are preventive in nature and that "the protection of the people's economic and energy needs remains a priority."
Nonetheless, Anggia reminded all stakeholders and the public to use energy more efficiently and wisely.
The Philippines, on Tuesday (March 24), became the first country to officially declare a national energy emergency due to supply disruption linked to the conflict in the Middle East.
According to a GMA News report, as quoted by Anadolu, President Ferdinand Marcos Jr. has signed an executive order to formally declare an energy emergency and activate a national response to maintain energy supply stability and prevent economic effects from energy price hikes.
The Southeast Asian nation procures nearly 26 percent of its energy supplies from the Middle East, with a bill in 2024 totaling $16 billion.
The regional escalation in the Middle East has continued since the US and Israel launched a joint offensive on Iran on Feb. 28, so far killing over 1,340 people, including then-Supreme Leader Ali Khamenei.
Iran has retaliated with repeated drone and missile strikes targeting Israel and Gulf countries hosting US military assets.
Tehran has also taken control of the Strait of Hormuz, a critical global oil transportation route through which most energy supplies reach most Asian countries.
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