Pertamina keeps oil, gas output as it builds low-carbon business

Its geothermal capacity totals 1,932 MW across direct and joint operations.

PT Pertamina (Persero) is maintaining oil and gas output whilst expanding low-carbon businesses to meet Indonesia’s energy demand and prepare for its 2060 net-zero target.

“For Pertamina, the energy transition is not only about reducing emissions; it is also about ensuring Indonesia has energy sources that are increasingly diverse, sustainable, and drawn from domestic potential,” Muhammad Baron, vice president for corporate communications at the Indonesian state-owned energy company, said in an email.

The strategy is to maintain oil and gas operations to support domestic supply whilst developing renewable energy and low-carbon technologies.

Pertamina is boosting oil and gas production and optimising refinery assets to maintain fuel supply and processing capacity as demand changes, Baron said.

Its low-carbon businesses include geothermal and solar power, biofuels, carbon capture, utilisation and storage, and low-carbon hydrogen.

The company is also developing hydrogen production with lower emissions through processes such as natural gas reforming with carbon capture, Baron said.

Unit Pertamina Geothermal Energy manages 1,932 megawatts (MW) of installed geothermal capacity, including 727 MW operated directly and 1,205 MW through joint operation contracts, Baron said. The capacity represents about 70% of Indonesia’s installed geothermal capacity.

Indonesia’s renewable energy mix reached 17.3% in the first half, compared with the government’s 30% target for 2034, Ministry of Energy and Mineral Resources data showed.