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Indonesia's Energy Export to China : Political and Economic Dynamics and Its Significance in Tangguh's LNG Export to Fujian Province, China

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Indonesia had been the largest LNG exporter for almost three decodes since 1977 to 2005. During 1970s and 1980s, Indonesia's energy industry boosted its economic growth that valued 80% of the country's annual exports and 70% of its annual revenues. Meanwhile, Indonesia presents an exceptional case since it decreases its LNG export while it has been developing its largest LNG plant in Tangguh due to prioritizing domestic energy demand. But, since Indonesia eagerly links its economy to China, it uses LNG export as a medium to strengthen Indonesia-China strategic partnership.Tangguh LNG export to China, although it is not Indonesia's largest LNG export contract, reflects unique case of a developing country's international energy trade. Because it presents evolution of Indonesia's LNG export policy through dynamics of regional and global economic turbulences. This paper analyses the LNG export in the context of Asian economic crisis and its recovery, the peak of crude oil price in 2008 and followed by global financial crisis as the context as well as Indonesia's domestic political dynamics.

Keywords:
International Energy Trade, Indonesia-China energy cooperation, LNG export policy

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Detail Information

Series Title

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Call Number

Karil-003

Publisher

Jakarta : Faculty of Economy & Business, BINUS University., 2012

Collation

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Language

English

ISBN/ISSN

2302-7967

Classification

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Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

International Energy Trade
Indonesia-China energy cooperation
LNG export policy

Specific Detail Info

Prosiding International Conference On Business , International Relations and diplomacy 2012, 7 November 2012

Statement of Responsibility

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