Indonesian approval could also land anyday3 Mar 2026 08:14
***Why It’s in Indonesia’s Interest to Approve Mako***
- Domestic Gas Security: Mako supports Indonesia’s growing industrial and power demand, strengthening domestic energy resilience and reducing reliance on coal.
- State Revenue & Fiscal Stability: Development and production generate PSC revenues, taxes, and foreign currency inflows — important for budget stability.
- Foreign Investment Signalling: Smooth approval reinforces Indonesia’s reputation as a reliable destination for upstream capital versus regional competitors.
- Energy Transition Alignment: Gas is positioned as a “transition fuel,” supporting Indonesia’s emissions goals while maintaining grid reliability.
- Low Political Friction Asset: Offshore, existing PSC, established operator — minimal social or political controversy compared to new frontier projects.
GLA.
Stephen11.