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No increase in energy import quota under US trade deal: Minister

Jakarta (ANTARA) – Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia has assured that the trade agreement between Indonesia and the United States will not increase the country’s energy import quota.“Our annual liquefied petroleum gas (LPG) requirement is 8.3 million tons, while domestic production stands at 1.6 million tons. We need to meet the remaining 7 million tons through imports. The second is fuel and the third is crude oil. These are what we agreed on yesterday in the United States for purchases totaling US$15 billion,” he said in a statement quoted on Monday.Lahadalia emphasized that the agreement only shifts import sources from other countries to the United States.He explained that Indonesia’s energy needs, particularly LPG, fuel, and crude oil, are still met partly through imports due to insufficient domestic production.The minister also assured that purchase prices for the three energy commodities will remain in line with market mechanisms. He added that LPG prices from the United States are reportedly more competitive than those offered by other countries.He stressed that the policy would not burden the country or undermine national energy sovereignty.“The import volume remains the same, we are only changing the source country. Rest assured that our sovereignty remains intact. I will never sell out my own nation,” Lahadalia said.The US$15 billion energy trade agreement is stipulated in the Agreement on Reciprocal Trade (ART), finalized during a meeting between President Prabowo Subianto and President Donald Trump in Washington, D.C., on February 19.Under the agreement, Indonesia committed to increasing purchases of energy products from the United States by an indicative value of around US$15 billion.The planned imports include LPG worth approximately US$3.5 billion, crude oil worth around US$4.5 billion, and certain refined fuel products valued at about US$7 billion.The cooperation also covers other energy commodities in line with domestic needs, including metallurgical coal and clean coal technology.The government has ensured that all commitments remain aligned with domestic requirements while taking into account competitive pricing and national interests.