Jakarta (ANTARA) - Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia has emphasized that Indonesia’s imports of energy commodities, including crude oil and liquefied petroleum gas (LPG), from the United States must be as cost-effective as possible.

“We will calculate everything based on the same economic price,” he said at the ESDM Ministry’s office here on Friday.

He stressed that Indonesia must obtain competitive prices for energy imports from the US, especially compared to prices secured from other supplier countries.

According to Lahadalia, energy cooperation between Indonesia and the United States must be mutually beneficial.

“We want our country to get the most efficient pricing possible,” he said.

He informed that under the tariff deal, the value of Indonesia’s energy imports will range between US$10 billion and US$15 billion, or around Rp244 trillion.

The energy purchases will form a part of Indonesia’s efforts to rebalance trade with the US in the wake of US President Donald Trump announcing a 32 percent reciprocal tariff on Indonesian products earlier this year.

Following negotiations, the reciprocal tariff on Indonesia has been lowered to 19 percent.

So far, the agreed energy commodities include crude oil and LPG.

“As part of the negotiation package, Indonesia has proposed to the US that it would purchase approximately US$10 to US$15 billion worth of LPG, fuel oil, and crude oil,” Lahadalia informed.

Earlier, Trump said that Indonesia has agreed to purchase energy commodities worth US$15 billion, agricultural products worth US$4.5 billion (around Rp73.1 trillion), and 50 Boeing aircraft from the US.

Vice president of corporate communications at state oil and gas firm PT Pertamina, Fadjar Djoko Santoso, said that Pertamina has signed a memorandum of understanding (MoU) with its US counterpart for crude oil purchases.

Pertamina also plans to gradually scale up the share of LPG imports from the US to 60 percent of its total LPG imports.

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