ANALYSIS OF DEVELOPMENT OF INDONESIAN OIL AND GAS EXPORT AND IMPORT IN INTERNATIONAL MARKETS AND CURRENT TRANSACTIONS INDONESIA PERIOD 2008.1-2018.3
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue
Abstract
The purpose of this study is to know the development of the value of oil and gas exports and imports as well as the Indonesian Current Transactions for the period 2008.1 - 2018.3. The research method used is a quantitative descriptive approach using the Old Least Squares (OLS) method. Based on the results of data processing for the variable Indonesian oil and gas export value on the international market and Current Transactions, there is a declining development. Whereas for the variable value of oil and gas import in the international market, there is an increasing development. The development of these three variables is in accordance with the reality in Indonesia which has experienced oil and gas scarcity and the still high import of services from the beginning of development until now. Likewise, Indonesia's population growth is quite high because the failure of the Planning Outreach program in Indonesia requires high oil and gas consumption. The effort that must be made is to create alternative energy sources that are biofuel and called green energy.
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Keywords
Oil and Gas Exports, Oil and Gas Imports, Current Transactions, Latest Energy