Executive Summary

Key insights and market outlook

The Indonesian Ministry of Energy and Mineral Resources (ESDM) reported PNBP receipts of Rp 243.41 trillion in 2025, slightly below the target of Rp 255.5 trillion ³

. The mineral and coal sector contributed Rp 138.37 trillion, exceeding the target by 8.56% ¹. Oil lifting reached 605,300 barrels per day, surpassing the target of 605,000 barrels per day ²⁴. Total investment in the ESDM sector reached US$ 31.7 billion, with a notable decline in the electricity subsector ⁵⁶.

Full Analysis

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Deep Dive Analysis

Indonesia's Energy Sector Achievements in 2025

PNBP Performance

The Ministry of Energy and Mineral Resources (ESDM) reported that the Non-Tax State Revenue (PNBP) from the energy sector reached Rp 243.41 trillion in 2025, representing 95.3% of the targeted Rp 255.5 trillion ³

. The mineral and coal (minerba) subsector was the highlight, contributing Rp 138.37 trillion, or 108.56% of its target ¹. This achievement comes despite volatile commodity prices, demonstrating effective management by the ESDM.

Oil and Gas Production

The oil lifting performance exceeded expectations, reaching 605,300 barrels per day compared to the target of 605,000 barrels per day ²

⁴. This achievement is particularly significant as it marks one of the rare instances in the past decade where oil lifting targets were met ⁴. Gas production also showed positive results with an average of 951.8 MBOEP.

Investment Performance

Total investment in the ESDM sector reached US$ 31.7 billion (approximately Rp 531.6 trillion) in 2025 ⁵

. While this represents a slight decrease from the previous year's US$ 32.3 billion, it still demonstrates substantial investor confidence in Indonesia's energy sector. The breakdown shows: US$ 18 billion from oil and gas, US$ 6.7 billion from minerba, US$ 4.6 billion from electricity, and US$ 2.4 billion from renewable energy ⁵⁶.

Challenges and Future Plans

The electricity subsector experienced a notable decline in investment, prompting Minister Bahlil Lahadalia to announce plans to convene with PT PLN to accelerate project implementation as outlined in the 2025-2034 Electricity Supply Business Plan (RUPTL) ⁶

. Despite this challenge, the sector maintained a strong workforce, with 871,574 direct jobs created in 2025, demonstrating its crucial role in employment ⁶.

References