1st India-Indonesia Energy Forum held in Jakarta
On this occasion, a MoU was signed between India and Indonesia to strengthen cooperation in the field of oil and gas.
The First Indian-Indonesia Energy Forum was held on 20 April 2017 in Jakarta, Indonesia. The Union Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy and Mines Piyush Goyal and Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan participated in the forum.
Highlights of 1st India-Indonesia Energy Forum
• The Energy Forum was preceded by 2nd Joint Working Group (JWG) on Oil and Gas, 4th Joint Working Group on Coal and 1st Joint Working Group on New and Renewable Energy.
• The reports of three Joint Working Groups were presented to two Ministers during the Energy Forum.
• The 2nd JWG on Oil and Gas discussed the policy framework of India and Indonesia, oil and gas infrastructure development, cooperation opportunities in capacity building and business opportunities in oil and gas sector in both countries.
• Representatives of major Indian companies in oil and gas sector, such as ONCG Videsh Limited, Petronet LNG Limited, Gas Authority of India Limited (GAIL) and Bharat Heavy Electricals Limited (BHEL) participated in the JWG.
• Indonesian companies such as PT Pertamina, PT Triputra, PT Nusantara Regas, Medco Energy and PT PGN were also represented.
• The 4th JWG on Coal has five sessions dedicated to the policy framework, coal resources development, capacity building, research and development issues and concerns of private sector.
• Indian companies such as Coal India Limited, Adani Enterprises, Tata Power Company, PT Adani Global, PT Core Mineral Indonesia, PT BaramultiSuksessarana, PT Barasentosa Lestari and PT Jindal Overseas also participated in the JWG.
• The 1st JWG on New and Renewable Energy was held through video-conferencing.
• The two sides discussed policy framework and investment opportunities in India and Indonesia.
• Both sides agreed to focus on capacity building, exchange of scientific and technological information and data and transfer of technology on non-commercial basis in biofuel and geothermal area.
• A Memorandum of Understanding between the Ministry of Petroleum and Natural Gas, Government of India and the Ministry of Energy and Mineral Resources of the Republic of Indonesia on cooperation in the field of oil and gas was signed on the occasion.
• The MOU seeks to establish a cooperative institutional framework to facilitate and to enhance bilateral cooperation in the field of oil and gas sectors on the basis of equality and mutual benefit.