Indonesia

Indonesia’s coal overproduction has cut state revenues and company profits, while methane emissions from mines far exceed official figures.
OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.

Ormat Technologies increases its quarterly revenue by 17.9%

Ormat Technologies reported a rise in revenue for the third quarter, supported by solid performances in its Product and Storage segments, and revised its 2025 annual guidance upward.
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Current emission trajectories put the planet on course for a 2.3°C to 2.5°C rise, according to the latest UN calculations, just days before the COP30 in Belem.
The joint venture combines 19 assets (14 in Indonesia, 5 in Malaysia), aims for 300 kboe/d initially and >500 kboe/d, and focuses investments on gas to supply Bontang and the Malaysia LNG complex in Bintulu.

GCL signs two 100 MW solar projects with PLN IP in Indonesia

GCL Energy Technology strengthens its presence in Southeast Asia by partnering with PLN Indonesia Power to develop two 100 MW solar plants, both ground-mounted and floating, as part of the government’s Hijaunesia program.
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The Paris Agreement Crediting Mechanism formalizes a landfill-methane methodology, imposes an investment-based additionality test, and governs issuance of traceable units via a central registry, with host-country authorizations and corresponding adjustments required.
Singapore strengthens its energy strategy through public investments in nuclear, regional electricity interconnections and gas infrastructure to secure its long-term supply.

Baker Hughes reports $8.2bn in orders in Q3 despite net income decline

Baker Hughes recorded a 23% increase in orders in Q3 2025, driven by its gas segment, while net income fell 20% year-on-year to $609mn.
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Indonesia Energy Corporation partners with Aquila Energia to develop two pilot projects combining solar and natural gas to power data centres in Brazil, under a non-binding framework supported by both governments.
Eni's net profit rose to €803mn in the third quarter, supported by a 6% increase in production despite falling crude prices.

Anugrah Neo Energy targets $300mn IPO to expand battery-grade nickel output

Indonesian nickel producer Anugrah Neo Energy Materials plans a $300mn IPO in December to finance its growing battery materials operations.
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Soaring electricity demand in Batam, driven by new data centres, leads INNIO and MPower Daya Energia to secure 80 MW and launch a five-year maintenance programme.
A report estimates $2.3 billion in avoidable economic losses by 2040 if Southeast Asia strengthens its electricity infrastructure through smart grids.

Australia loses Asian markets for seaborne thermal coal

Falling Chinese imports and Asia’s regional pivot increase pressure on Australian thermal coal exporters.
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Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.
Indonesian authorities identified traces of caesium-137 in 22 facilities near Jakarta following the recall of contaminated shrimp exported to the United States by a local producer.

China opts for quarterly thermal coal contracts with Indonesia for 2026

Chinese buyers begin negotiations for 2026 thermal coal deliveries, favouring shorter contracts to maintain flexibility in a stable price environment.
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The Indonesian government plans to mandate a 10% bioethanol blend in gasoline to reduce fuel imports and support the local ethanol industry.
China set a record for clean technology exports in August, driven by surging sales of electric vehicles and batteries, with more than half of the growth coming from non-OECD markets.
Italian company Eni has initiated a major engineering, procurement, construction and installation (EPCI) tender for its $17.49 billion Kutei North Hub gas project offshore Indonesia.
PowerChina has completed the Cirata floating photovoltaic power plant, a pioneering project in Indonesia that now supplies a quarter of the country's renewable energy production.

Wood Mackenzie estimates US LNG emissions at 48% of coal in Europe

A study by Wood Mackenzie concludes that liquefied natural gas exported from the United States to Europe generates on average half the emissions of imported coal, when considering the full lifecycle.
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Indonesia announces 40bn USD investment in 21 energy projects in 2025, aiming to increase refining capacity and replace LPG imports.
Indonesia sets a floor price for coal to strengthen its control over domestic prices and influence international markets. This new strategy will take effect on March 1, 2025.

Eni: sharp drop in profit in 2024 due to falling prices

Italian energy group Eni reports a 45% drop in net profit in 2024, reaching €2.46 billion, impacted by lower gas and oil prices. Its shares fell on the stock market after results fell short of expectations.
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Merdeka Battery Materials has secured $1.4 billion in financing to build a nickel plant in Indonesia. This project, supported by a banking consortium, aims to meet the growing demand for lithium-ion battery materials used in electric vehicles.
Indonesia continues to strengthen its dependence on coal, jeopardizing its greenhouse gas emission reduction commitments. This paradox is highlighted in a recent report, emphasizing the tension between environmental goals and economic realities.

Geopolitical tensions threaten the supply of critical minerals

Trade restrictions and the concentration of critical mineral supply expose supply chains to increasing risks. Despite a currently well-supplied market, the IEA warns of future shortages that could impact strategic industries.
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Indonesia must manage ambitious climate commitments while maintaining energy stability. The Just Energy Transition Partnership (JETP), aimed at mobilizing $20 billion, faces financial obstacles and uncertainties regarding international funding.
Indonesia is accelerating the development of its nuclear program and could become the first country in Southeast Asia to deploy a small modular reactor (SMR) by 2030. Despite competition from renewable energy, Jakarta is betting on nuclear power to diversify its energy mix.

Record Chinese Energy Installations: 24 GW in Belt and Road Countries

In 2024, Chinese companies installed 24 gigawatts of new energy capacity in Belt and Road countries. Nearly half of the projects focused on renewable energy, underscoring their key role in global energy diplomacy.
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CO2 emissions from global road transport could peak as early as 2025 thanks to the rise of electric vehicles and carbon regulations, according to an ICCT report.
As coal reaches a historic peak in 2024, renewable energy reshapes global dynamics. In China, where one-third of the world’s coal is consumed, the energy transition remains a pivotal factor for the sector's future.

Indonesia invests $115 million in Philippine solar energy

Pertamina, an Indonesian state-owned actor, acquires 20% of Citicore Renewable Energy Corporation to fund green energy projects in the Philippines, bolstering its regional strategy.
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Toshiba will equip Unit 2 of the Patuha Geothermal Plant in Indonesia, adding 60 MW to strengthen the country’s energy capacity and support its ambitious climate goals.
China confirms its central role in the Asian coal market with a forecast of 330 million tons of coal imports in 2025, according to an Australian report.

A waste-based sustainable aviation fuel (SAF) project launched in Indonesia

NextChem, a subsidiary of Maire, is developing a SAF plant in Sumatra using used oils and local biomass effluents, promising up to a 95% reduction in aviation emissions through innovative technologies.
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With 40% of the global growth in geothermal capacity over ten years, Kenya emerges as a key player thanks to its ambitious renewable energy projects.
Global coal demand peaked at 8.77 billion tons in 2024. Thanks to the rise of renewable energy, it is expected to stabilize by 2027, according to the International Energy Agency (IEA).