Overview
- Indonesia’s energy minister said the two countries agreed on supplies of Russian oil and liquefied petroleum gas.
- Russia’s energy minister said they have begun drafting long‑term contracts at what he called mutually beneficial prices.
- Officials have not disclosed volumes, delivery schedules, pricing formulas, or legal terms for the planned deals.
- Indonesia produces about 600,000 barrels of oil a day but uses roughly 1.6 million, with stocks that cover only about three weeks of demand.
- The push followed a Kremlin meeting between Vladimir Putin and Prabowo Subianto that highlighted plans to deepen economic ties.