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Indonesia negotiates the purchase of crude oil and LPG from Russia

  • iipclondon
  • May 4, 2026
  • 11:08 am
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Energy and Mineral Resources (ESDM) Bahlil Lahadalia (right) shakes hands with the Russian Energy Minister Sergey Tsivilev in Russia on Tuesday (14/4/2026). (ANTARA/HO-ESDM)

We want all of this to truly provide certainty for national energy security

Jakarta (ANTARA) – Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia negotiated the purchase of crude oil and LPG from Russia during a meeting with Russian Energy Minister Sergey Tsivilev in Russia on Tuesday.

“We have achieved quite good results, allowing us to increase our crude oil reserves. In addition, we will also be able to obtain LPG,” Lahadalia said in an official statement received in Jakarta on Tuesday.

Russia expressed its readiness to support Indonesia’s energy security, including through the supply of oil, natural gas, and storage.

The meeting was also attended by representatives of several Russian energy companies, including Rosneft, Ruschem, Zarubezhneft, and Lukoil.

Lahadalia emphasized that the collaboration is being explored through government-to-government (G2G) and business-to-business (B2B) schemes, which are expected to provide certainty regarding the availability of national energy reserves, particularly for crude oil and LPG in Indonesia.

Lahadalia also stated that Indonesia is open to expanding collaboration with Russia, including i the development of crude storage, long-term supply of crude oil and LPG, nuclear exploration, and cooperation in the mineral sector.

“We want all of this to truly provide certainty for national energy security,” he said.

Lahadalia assessed that the results of the meeting provided a positive signal for strengthening national energy security amidst uncertain global dynamics.

He believes a partnership with Russia could be an important option, given the country’s large energy production capacity and experience in the oil and gas industry.

Amidst the volatility of the global energy market influenced by geopolitical factors and production fluctuations, the government is making every effort to find alternative sources.

Russia is considered to have a strategic position as a reliable energy supplier and a potential partner for long-term cooperation.

In the bilateral meeting, Russia expressed its readiness to assist Indonesia in strengthening energy security.

“As a strategic partner, we are ready to collaborate, especially in the supply of oil and gas, storage, and electricity, specifically nuclear power plants,” Sergey Tsivilev said.

The Indonesian government views Russia as an important partner in supporting stability and safeguarding its economic interests and economic growth.

The diplomatic step underscores Indonesia’s commitment to remain active, constructive, and oriented toward national interests on the global stage.

Translator: Putu Indah Savitri, Cindy Frishanti Octavia
Editor: M Razi Rahman
Copyright © ANTARA 2026

Link to the article: https://en.antaranews.com/news/412253/indonesia-negotiates-the-purchase-of-crude-oil-and-lpg-from-russia?utm_source=antaranews&utm_medium=desktop&utm_campaign=popular_right

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