Suppliers and customers operating in the fast-moving Indonesia market can now access gasworld Intelligence’s Pulse report and find all about the latest data and trends to help them in their commercial decision making.
Indonesia’s industrial gas market is poised for sustained growth to 2030, driven by demand from manufacturing, energy and healthcare sectors.
Demand for nitrogen, oxygen and carbon dioxide continue to rise with merchant volumes increasing year-on-year while hydrogen shows potential for transport and power generation, in line with global clean energy initiatives. But the country remains strongly tied to coal and natural gas, whose contribution to electricity generation accounts for around 18%.
Aidan Sparrowhawk, Data Intelligence Director, said between 2015 and 2029 Indonesia’s industrial gas revenues are set to double to $754m. Over this period, food, manufacturing and metallurgy are the largest gas markets by end users. The report shows Air Liquide occupies a dominant position.
“As the market expands, there is clear need for new infrastructure as well as ensuring utilisation is at maximum capacity,” he said. “Indonesia has vast potential with renewables and we are starting to see positive momentum building across a range of sectors as the country targets Net Zero by 2060, or sooner.”
Last October, Linde invested $120m in Indonesia’s largest air separation unit (ASU) in southeast Asia to supply industrial gases to Indonesian mining company PT Freeport Indonesia.
And in November, BP and its partners approved a $7bn investment in the Tangguh Ubadari CCUS Compression project, set to unlock an estimated three trillion cubic feet of additional gas resources in Papua Barat.
To order the Indonesia Pulse report, email: [email protected]