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Indonesia caps LNG prices for industries

Indonesia caps LNG prices for industries

Indonesia announced a cap on the price of re-gasified liquefied natural gas (LNG) at $13 per million British thermal units, in order to help industries manage rising energy costs due to increasing global gas prices. This cap will be implemented immediately, with the government bearing the difference between the set price and the market price, while the price ceiling for pipeline gas remains fixed between $6.5 and $7 for sectors such as fertilizers and petrochemicals.

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