Indonesia lifts coal export ban on 139 firms
Indonesia’s government eased a coal export ban for 139 companies on January 20 after the firms met local market sales requirements aimed at averting a supply crunch and power outrages.
A worker operates an excavator to load coal onto a truck at the PT Karya Citra Nusantara (KCN) Port, Marunda, Jakarta, on Wednesday (January 12, 2022). (Photo: ANTARA)Indonesia, the world’s biggest thermal coal exporter, on January1 imposed a month-long export ban without warning, causing jitters in markets and among major importers such as Japan, the Philippines and the Republic of Korea (RoK).
The country’s authorities have started a calibrated easing for firms that meet a Domestic Market Obligation (DMO), which was introduced to ward off widespread power outages after local plants reported critically low coal inventories.
Authorities have blamed the coal supply saga on poor compliance of the DMO policy, under which coal miners must sell a quarter of their output to local buyers, with a 70 USD per tonne price cap for power generators.
Ridwan Djamaluddin, director general of minerals and coal at the energy ministry, said 75 ships had been allowed to load coal from firms that had met all their DMO requirements, while 12 more had been allowed to proceed having provided a written assurance of compliance and acceptance of penalties.
Another ministry official on January 18 said coal stocks at local plants had improved and authorities had stepped up monitoring of deliveries to generators.
The ministry has set a target of enabling local power plants to have enough inventory by the end of January for more than 20 days of operations./.
You should also see
Int’l conference talks heritage’s role in sustainable development
Managers, experts and scientists shared their views on cultural and natural heritage’s contributions to Vietnam's sustainable development as well as socio-economic development in localities at an international conference in Hanoi on March 24.
See more
World
Death toll in Indonesia's fuel depot fire rises to 33
The death toll in a fire at an Indonesian fuel storage depot run by state energy firm Pertamina has risen to 33 with nearly a dozen more in critical condition, health authorities said on March 24.
World
Indonesia considers another 500 million USD for new capital megaproject
The Indonesian Finance Ministry is mulling adding around 8 trillion IDR (531 million USD), to this year’s budget plan for Indonesia’s new capital megaproject Nusantara.
World
Cabinet recognises progress in promoting Thai soft power
The Cabinet has acknowledged the progress made in promoting Thailand’s image through the use of "soft power" in the entertainment industry, said Deputy Government Spokesperson Tipanan Sirichana.
ASEAN
ASEAN bolsters digital collaboration
The First ASEAN Digital Senior Officials’ Meeting and ASEAN Telecommunications Regulators’ Council (ADGSOM – ATRC) Leaders’ Retreat in 2023 took place on March 20-21 at the ASEAN Secretariat in Jakarta, Indonesia.
World
Thailand tightens fruit quality management
The Thai Ministry of Commerce’s Internal Trade Department (ITD) is implementing 22 measures to manage fruit supply for this year's harvest, with production estimated to grow by 3% to 6.78 million tonnes.
