Indonesia plans to cut fuel imports from Singapore in favour of US as part of tariff negotiations
“Energy and Mineral Resources Minister Bahlil Lahadalia said that the shift away from Singapore for some fuel imports would happen gradually. Indonesia could shift as much as 60 per cent of its total fuel imports from Singapore to the US in the early stages, he said.”
“‘It is almost certain that we will take other fuel imports from other countries, not from (Singapore),’ he told reporters.”
“Suppliers will be switched to those in the US and Middle East as Indonesia seeks lower prices and a ‘better balance’ in the changing global geopolitical environment, Mr Bahlil said.”
“The government has said that it wants to increase US energy imports by about US$10 billion (S$13 billion), which also includes buying US fuel, crude oil and liquefied petroleum gas.”