Home News President Jokowi attends opening of belt and road forum in Beijing

President Jokowi attends opening of belt and road forum in Beijing

VOI NEWS 09.00 LOCAL TIME, GMT+7, 15-05-2017

President Joko Widodo attended an opening ceremony of Belt and Road Forum for International Cooperation, at the China National Convention Center, on Sunday (14/5). Twenty nine heads of state and government are present in the Forum held on May 14 and 15, which is also known as Silk Road Summit. Chinese President Xi Jinping on Sunday announced that Beijing will lend 380 billion yuan or 55.09 billion US dollars to support cooperation on its ambitious "One Belt, One Road" initiative to expand links between Asia, Africa and Europe. Indonesia is open to cooperation with other countries, including in the context of "One Belt, One Road" initiative. During his stay in Beijing, President Joko Widodo has held a bilateral meeting with Chinese President Xi Jinping and Polish Prime Minister, Beata Szydlo. (Jakarta Post)

 

Govt issues regulation on flare gas

The Energy and Mineral Resources Ministry has issued Ministerial Decree No. 32/2017, made public over the weekend, regulating the sale of flare gas to reduce flaring activities, while also cutting down on greenhouse gasses. Gas flares are gas combustion devices used at industrial plants, such as petroleum refineries, natural gas processing plants as well as at oil or gas production sites, to eliminate any excess gasses. The flaring of natural gas from oil production is a major source of carbon dioxide emissions, one of the most worrying greenhouse gases. The government hopes that companies will reduce their flaring activities by selling the excess gas. According to the new regulation, flare gas will be put on offer by the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas), which will evaluate documents submitted by potential buyers along with the ministry’s oil and gas directorate general. The energy and mineral resources minister will determine the final gas allocation. The minister will also be responsible for setting the sale price of the flare gas, based on SKKMigas recommendations. (Jakarta Post)

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