Indonesia Coal Export Plan Rattles Global Markets
President Prabowo Subianto announced that coal exports must now route through state firm Danantara Sumberdaya Indonesia to boost revenue. The move has sparked concerns over contract stability and logistical risks while global demand for coal rises due to regional LNG supply disruptions.
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Indonesia President Prabowo Subianto ordered all coal, palm oil, and ferroalloy exports through state firm Danantara Sumberdaya Indonesia on May 22. Indonesia supplies 50% of global electricity-grade coal as liquefied natural gas (LNG) supply disruptions due to the Iran war boost coal demand. Traders and miners face uncertainty over pricing, payment currency, and logistical risks as the government seeks to stabilize the volatile rupiah.
