Commodity trading in Indonesia
Indonesia’s first commodity trading report is a set of 1,909 transaction records supplied by the upstream regulator SKK Migas. All the data in these records were previously available on the SKK Migas’s website. The recorded value of the transactions, covering shipments of 115 million barrels of crude oil and condensates, is $4.74 billion. Most or all of the transactions included are valued under the Indonesian Crude Price (ICP), an official selling system governing oil and condensates produced in Indonesia and intended for domestic consumption there. Exports of Liquefied Natural Gas, and also some gas pipelined to Singapore and Malaysia are sold under commercial terms, whether term contracts or on the spot market, but these have not been included.
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