The International Energy Agency (IEA) says worldwide demand for coal will not grow significantly over the next five years. It sees worldwide coal demand in 2021 roughly at the same level as in 2014. In a report published on Monday (12/12) the agency says it detects rising demand for renewable energy sources (at the expense of coal) in Europe and North America, while in China coal consumption is also expected to stagnate. However, the IEA believes that coal will remain the most important energy source as it is cheap and easy to produce.

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Indonesia's Energy and Mineral Resources Ministry targets to replace the cost recovery scheme in the oil and gas industry in January 2017. Instead, the government would use contracts with a gross profit sharing mechanism. The new scheme would simplify procedures (making the investment climate more attractive) while Indonesia "continues to prioritize the interests of the nation and optimize the use of local resources and labor", Deputy Energy Minister Arcandra Tahar said. The proposed changes will not affect existing contracts between contractors and the Indonesian government.

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Indonesia's counter-terrorism squad Densus 88 allegedly prevented a terrorist attack aimed at "vital locations in Central Jakarta" (possibly including the State Palace) on this week's car free Sunday (11/12). On Saturday (10/12) Densus 88 arrested four people, including one woman who, allegedly, was to detonate the suicide bomb. Densus 88 are still looking for two more suspects. Authorities are concerned that in Muslim-majority Indonesia there is an increasing amount of small terrorist cells that are influenced by Islamic State (IS).

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On 11 December 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve political, social and economy-related topics such as the earthquake in Aceh, gas production at the Mahakam block, automotive manufacturing industry, coal mining, global uncertainty, tax revenue, infrastructure, the middle income trap, and more.

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