JAKARTA – Indonesia and the United States officially agreed to a trade agreement, signed directly by Prabowo Subianto and Donald Trump in Washington on Thursday (February 19). One of the terms of the agreement is Indonesia’s obligation to purchase various commodities from the US, including oil and gas, with a total value of US$15 billion.

Bahlil Lahadalia, Minister of Energy and Mineral Resources (ESDM), emphasized that Indonesia will not increase the volume of crude oil and LPG imports from the US but will instead reduce the volume that is usually imported from other sources.

Several sources of crude oil, fuel, and LPG supplies that have been relied upon, besides the US, are from Southeast Asia and the Middle East. “We are shifting some of our import volume from several countries, including countries in Southeast Asia, the Middle East, and several African countries,” Bahlil said in a press conference on Friday evening (February 20).

The execution of the oil and gas purchase from the United States will be realized no later than 90 days after the trade agreement is signed. “Once we receive direction from President Prabowo, once the next 90 days are complete, we will immediately begin the execution phase,” Bahlil explained.

Signing the Agreement

PT Pertamina Patra Niaga, the Downstream Subholding of PT Pertamina (Persero), signed an agreement with Hartree Partners LP and Phillips 66 in Washington, DC, on Thursday (February 19, 2026). This agreement includes a Memorandum of Understanding (MoU) on crude oil supplies and a confirmation letter for an LPG contract from the United States for the 2026 period.

Mars Ega Legowo Putra, President Director of PT Pertamina Patra Niaga, emphasized that the strategic collaboration with Hartree Partners and Phillips 66 represents a strategic representation of a shared vision to ensure energy security, enhance collaboration in processing and trading, strengthen investment flows, and promote sustainable energy solutions.

He added that amidst the dynamics of global volatility, supply chain challenges, and climate responsibility, partnership and trust are key foundations.

“By synergizing Pertamina’s national strength with the global reach and commercial expertise of Hartree Partners and Phillips 66, we have the opportunity to build a strong and forward-looking partnership. We are confident that through shared commitment and strategic alignment, this collaboration will create long-term economic, social, and environmental value,” said Mars Ega in a statement on Saturday (February 20).

In collaboration with Hartree Partners LP, Pertamina Patra Niaga has agreed to a commercial cooperation framework related to the supply of light crude for Pertamina Patra Niaga’s refinery needs, including potential supply from the United States and Hartree’s global portfolio.

This supply will support the refinery’s feedstock needs, particularly at the Cilacap Refinery Unit and the Balikpapan Refinery Unit, in line with the increase in processing capacity through the RDMP Balikpapan  Project.

Meanwhile, the agreement with Phillips 66 confirms the implementation of the LPG supply contract for the entire period of 2026. The total contract volume reaches approximately 2.2 million metric tons. This collaboration continues an existing partnership to ensure the stability of Indonesia’s national LPG supply.(RI)