“It is not only a matter of price but also geopolitical issues, we need to have a balance with other countries,” Lahadalia said, adding that imports from Singapore would be reduced to zero “some day”.
Indonesia will cut its fuel imports from Singapore and source supplies from the US and Middle Eastern countries instead, according to the country’s energy minister.
Southeast Asia’s largest economy will look to gradually eliminate its shipments of oil products from Singapore, which account for more than half its imports, Energy Minister Bahlil Lahadalia told reporters on Friday. Purchases will be switched to suppliers in the US and Middle East as Indonesia seeks lower prices and a “better balance” in the changing global geopolitical environment, Lahadalia said.
