Indonesia, Southeast Asia’s largest economy, boasts a diverse energy landscape with players across fossil fuels, renewables, and supporting services. This article highlights the top 10 energy companies in Indonesia based on various factors such as revenue, market capitalization, and industry impact.
Disclaimer: The companies mentioned below are examples. The order of writing and the selection of companies do not indicate any ranking or other classification.
Pertamina
Top Energy Companies in Indonesia Pertamina is a state-owned enterprise (SOE) and a dominant player in Indonesia’s energy sector. It encompasses diverse facets of the oil and gas sector, covering exploration, production, refining, distribution, and marketing. The company holds a significant share in the country’s oil and natural gas production, contributing around 60% and 80%, respectively. Its operations play a crucial role in ensuring Indonesia’s national energy security.
Also read: 10 Top Oil and Gas Companies in Indonesia
PT PLN (Persero)
PT PLN (Persero) is another SOE and holds a monopoly on electricity distribution in Indonesia. With a focus on electricity generation, transmission, and distribution, PLN serves a vast customer base of over 80 million users. While maintaining its traditional energy portfolio, PLN is actively expanding into renewable energy sources to meet sustainability goals while ensuring grid stability.
Medco Energi
As an independent oil and gas company, Medco Energi is a key player in Indonesia’s energy landscape. It specializes in exploration, production, and operation of oil and gas fields, with a growing emphasis on renewable energy projects. The company is known for its innovative exploration techniques and commitment to sustainable practices, contributing to the country’s energy diversification efforts.
PT Bukit Asam Tbk (PTBA)
PT Bukit Asam Tbk is a publicly traded company primarily engaged in coal mining and production. It is the largest coal producer in Indonesia, supplying fuel for a significant portion of the country’s power generation. In addition to coal, PTBA is exploring diversification into coal-based chemicals and renewable energy sources to adapt to changing market dynamics and sustainability demands.
PT Adaro Energy Tbk (ADRO)
PT Adaro Energy Tbk is a publicly traded company focusing on coal mining, trading, and logistics. It is a leading coal exporter in Indonesia, renowned for its high-quality coal products and efficient logistics network. Alongside its core coal business, ADRO is investing in renewable energy projects and coal-based chemical production to align with global sustainability trends.
Also read: Mining Industry in Indonesia: Outlook and Potential
Chevron Pacific Indonesia
Energy Companies in Indonesia Chevron Pacific Indonesia, a subsidiary of Chevron Corporation, is a major international player in Indonesia’s oil and gas sector. It is involved in exploration, production, and development activities, operating large production facilities and contributing significantly to the national economy. The company’s operations play a crucial role in Indonesia’s energy production and economic growth.
ExxonMobil Indonesia
ExxonMobil Indonesia, a subsidiary of ExxonMobil Corporation, shares a similar profile to Chevron in Indonesia’s oil and gas sector. With a long history in the country, ExxonMobil holds significant upstream assets and contributes significantly to energy production. Its operations are vital for Indonesia’s energy security and economic development.
Also read: Major Industries in Indonesia (Based on Contribution to GDP)
PT AKR Corporindo Tbk (AKRA)
PT AKR Corporindo Tbk is a publicly traded company specializing in fuel distribution, logistics, and storage. It is a leading player in petroleum product distribution, with a focus on expanding storage capacity and diversifying into other energy sectors. AKRA’s operations are essential for ensuring efficient fuel supply chains and supporting Indonesia’s energy needs.
SUN Energy
SUN Energy is a private company leading the development and investment in solar energy projects in Indonesia. With a focus on solar energy, the company has installed over 100 MW of solar capacity in less than seven years, contributing to the growth of renewable energy in the country. SUN Energy’s initiatives play a crucial role in diversifying Indonesia’s energy mix and reducing reliance on fossil fuels.
PT PGN Tbk (PGAS)
PT PGN Tbk is a publicly traded company specializing in natural gas transportation and distribution. As the sole owner and operator of Indonesia’s natural gas pipeline network, PGAS plays a crucial role in delivering gas to power plants, industries, and households across the country. Additionally, the company is expanding into city gas distribution and renewable energy sectors to adapt to changing market trends and sustainability demands.
Also read: Indonesia’s Special Economic Zones (SEZs): A Complete Guide
The energy landscape in Indonesia is dynamic and diverse, with these top 10 companies playing significant roles in shaping the industry. However, it’s essential to note that this list is not exhaustive, and the ranking can vary depending on various criteria. The Indonesian energy sector continues to evolve, with new players emerging and existing ones adapting to changing market conditions and sustainability demands.
Start Your Energy Business in Indonesia
Having learned the list above, are you now prepared to establish your own company in Indonesia?
However, the process of establishing a business in Indonesia involves several steps, including business registration, obtaining necessary licenses and permits, and complying with local regulations. To simplify the process and ensure compliance, it is advisable to seek professional assistance.
InvestinAsia is among the companies that specialize in aiding you with Indonesia company incorporation. We boast a team of seasoned experts who can guide you throughout the process of:
