The intricate and indirect linkage between Covid-19 global pandemic and the oil and gas trade balance of Indonesia

Autor: Andry Prima, Havidh Pramadika, Bayu Satiyawira, Lisa Samura, Cahaya Rosyidan, Astri Rinanti, Mustamina Maulani, Onnie Ridaliani
Rok vydání: 2021
Předmět:
Zdroj: 3RD INTERNATIONAL CONFERENCE ON EARTH SCIENCE, MINERAL, AND ENERGY.
ISSN: 0094-243X
DOI: 10.1063/5.0061963
Popis: By far, over the last couple of months, the day-to-day business activity of crude supply and demand in Indonesia has been in the position of barely touching the bottom line, moving disproportionally with the government's long- run strategic plan in providing sufficient energy supply for the consumers. The statistics have revealed the current energy supply realization is different than that of the last year. In brief, the performance of oil and gas export-import has been deeply disturbed since the global pandemic of Covid-19 broke out. This particular paper aims at portraying, from a macro perspective, the intricate nature of the oil and gas phenomenon, having many complexly interrelating variables. The methodology opted in this particular study is the multivariate linear regression to draw the complete picture of the relationship between the global pandemic and its profound impact on the oil and gas trade balance. The value of the originality of this study is to reveal the effect of a global pandemic to the Indonesia Economy at large and also to make suggestions to the policymakers, or other stakeholders in an effort to support the initiative of developing a strategic plan for the long-term sustainability of petroleum energy in Indonesia.
Databáze: OpenAIRE