Falling production against rising demand will see Indonesia become a larger importer of crude oil, refined fuels and natural gas (in the form of LNG) over our 10-year forecast period. Notably, diminishing gas supplies and subsequent pressure to exports will turn Indonesia into a net LNG importer for the first time by 2021. Realisation of the government's ambitious downstream expansion plans cou…
Chandra Asri Petrochemical (CAP) remains the leader in investment in petrochemicals. CAP has set out plans to invest USD6bn in a number of projects over 2016-2021. CAP's capital outlay for 2017 was USD150mn focusing on ramping up production capacity on a number of petrochemical products, particularly butadiene, as well as its cracker facility. Indonesian chemicals output surged 10.1% y-o-y in 9…
BMI View: In 2016 the air freight mode will see the most significant growth in Indonesia, as trade in Asia is set to rebalance after stalling in 2015 and key sectors such as the pharmaceutical market will see a boost in growth. In our medium-term forecast to 2019, BMI believes the rail and air freight modes will see higher growth than road freight transport, as a result of state and external in…