Editorial board (The Jakarta Post) Jakarta ● Thu, January 20, 2022 2022-01-20 02:32 40 22dc95a23fb944820adae5904f11c94c 1 Editorial coal,supply,crisis,domestic-market-obligation,price,oil-and-gas,supervision,smuggling,export Free The enforcement of the domestic market obligation (DMO) for coal producers, set at 25 percent of their respective output, will continue to be problematic insofar as the government is unable to set a formula or a better mechanism for setting what are seen by coal firms as relatively fair prices they get under the DMO scheme. The coal stock crisis at 20 major power plants early this year seemed strange as Indonesia is the world's biggest seaborne thermal coal exporter, and domestic coal needs are only about 30 percent of the total national output. The root of the problem is the strikingly wide difference between export prices and the coal price set by the government for DMO sales. In the second half of last year, the price difference was as much as US$100 per ton because the $70/ton DMO price was set in 2018. An acute lack of oversight of coal companies allowed many producers to avoid the DMO. But the government's plan to establish a public service agency like the Crude Palm Oil Support Fund (BPDPKS) to raise funds… Read full this story
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