Energy deals worth $22.6 billion signed at Japan-Indonesia forum

Japan and Indonesia have agreed to strengthen coordination on energy security amid concerns over reduced oil and gas supplies from the Middle East linked to the ongoing conflict involving the United States and Israel against Iran.

Japanese Prime Minister Sanae Takaichi made the statement after meeting Indonesian President Prabowo Subianto, who is visiting Tokyo on his first official trip. The discussions focused on deepening cooperation in the energy sector at a time of heightened global supply uncertainty.

According to Al Jazeera, the leaders’ meeting followed an Indonesia-Japan business forum attended by Prabowo, where agreements worth a total of $22.6 billion were signed, including major deals in the energy sector.

Data cited by the Jakarta Globe highlights Indonesia’s growing dependence on imported energy. The country consumes around 1.7 million barrels of oil per day, while domestic production stands at approximately 860,000 barrels. As a result, Indonesia is required to import nearly half of its oil demand.

By Tamilla Hasanova