Lower Gas Prices Will Boost Petrochemical Industries: Minister

Husen Miftahudin    •    23 September 2016 16:20 WIB
energy
Lower Gas Prices Will Boost Petrochemical Industries: Minister
Industry Minister Airlangga Hartarto (Photo:Industry Ministry)

Metrotvnews.com, Jakarta: Industry Minister Airlangga Hartarto said lower industrial gas prices will boost petrochemical industries in the country.

"When was the last petrochemical plant built in Indonesia? 1998 by PT Tuban Petrochemical Industries," he said at his office in Jakarta on Friday (9/23/2016).

Airlangga explained natural gas is essential for petrochemical industries, especially fertilizer industry.  "It contributes 70 percent of the total cost," he added.

The Golkar politician  mentioned the global gas prices currently are declining. Gas prices in Russia currently are around USD2.5 per MMBTU. "Indonesia should lower gas prices soon," he stated.






(WAH)