# Indonesian economic indicators and industrial gas crisis > Live situation record from CLSTR: https://clstr.news/situations/indonesian-economic-indicators-and-central-bank-policy > Updated: 2026-10-25T05:55:38.000Z. Sources: 59. Developments: 4. Bank Indonesia reported that retail sales grew by 1.3% year-on-year in August 2026, with the Real Sales Index reaching 226.5. This growth was primarily driven by demand for food, beverages, tobacco, and motor vehicle fuel, supported by the Indonesian Independence Day period. Despite this increase, the central bank warned of a potential monthly contraction of 2.3% in September 2026. While annual growth is projected to remain at 1.4%, officials anticipate a slowdown in certain commodity groups. Additionally, Bank Indonesia Governor Destry Damayanti emphasized the importance of maintaining central bank independence while strengthening synergy with the government to ensure price stability and protect purchasing power. By mid-October 2026, the industrial gas crisis intensified. The Indonesian Chamber of Commerce and Industry (Kadin) urged the government to address supply availability and price affordability, suggesting that export volumes be redirected to meet domestic needs. New data reveals that the Certain Natural Gas Price (HGBT) policy is being undermined by physical supply constraints. In West Java, gas distribution has been restricted since mid-September 2026, with PT Perusahaan Gas Negara Tbk reportedly limiting deliveries to approximately 78 percent of contract volumes. The Forum Industri Pengguna Gas Bumi (FIPGB) noted that only 27.5 percent of allocated gas is being supplied at the subsidized HGBT rate of 7 USD per MMBTU, forcing companies to use more expensive regasified LNG at roughly 20 USD per MMBTU. These disruptions have raised concerns regarding potential layoffs for approximately 1,500 workers. In response to these shortages, Indonesia has officially begun reducing natural gas exports to Singapore to prioritize domestic energy security. Effective October 24, 2026, the reduction totals 31 billion British thermal units per day (BBTUD), comprising a 15 BBTUD cut from the Natuna region and a 16 BBTUD cut from the Jambi Merang field in Sumatra. ## Claims - Indonesia reduced natural gas exports to Singapore by 31 MMscfd starting October 24, 2026. (disputed by 21 sources) - The total reduction in gas exports to Singapore is 31 BBTUD. (disputed by 16 sources) - The reduction includes 15 MMscfd from Natuna and 16 MMscfd from Sumatra. (disputed by 11 sources) - The 16 BBTUD reduction from Sumatra originates from the Jambi Merang field. (disputed by 6 sources) - The gas cut represents less than 2% of Singapore's total daily gas demand. (corroborated by 12 sources) - Minister Bahlil Lahadalia is considering not renewing gas export contracts that end in 2028. (corroborated by 6 sources) - The reduction is intended to support domestic electricity needs in Batam, Bintan, and Sumatra. (corroborated by 6 sources) - The reduction in gas exports to Singapore is equivalent to approximately 8 percent of the pipeline gas exported to Singapore in 2024. (corroborated by 5 sources) - The government aims to use gas to support the development of the national petrochemical downstream industry. (corroborated by 5 sources) - Singapore's gas importer will assess whether the supply cut breached agreements. (corroborated by 5 sources) - Minister Bahlil Lahadalia claims the reduction does not violate existing contracts. (corroborated by 4 sources) - Minister Tan See Leng expressed concern over the trend of resource nationalism. (corroborated by 4 sources) ## Timeline ### 2026-10-25: Indonesia reduces natural gas exports to Singapore Indonesia has cut natural gas exports to Singapore by 31 MMscfd to prioritize domestic electricity needs, prompting Singapore to emphasize energy diversification and contract reliability. 36 sources. https://clstr.news/cluster/indonesia-cuts-natural-gas-exports-to-singapore-by-31-bbtud ### 2026-10-23: Indonesia cuts natural gas exports to Singapore to prioritize domestic needs Indonesia has reduced natural gas exports to Singapore by 31 BBTUD to prioritize domestic electricity needs, a move Singapore says affects less than 2% of its daily demand. 28 sources. https://clstr.news/cluster/indonesia-evaluates-gas-exports-to-prioritize-domestic-industry ### 2026-10-18: Indonesia industrial gas shortages threaten manufacturing sector Indonesian manufacturers face production cuts and potential layoffs as gas supply shortages undermine the HGBT price policy, forcing industries to use expensive LNG to meet energy needs. 3 sources. https://clstr.news/cluster/indonesia-industrial-gas-shortages-threaten-manufacturing-sector ### 2026-10-12: Indonesia industrial gas crisis threatens investment and jobs Kadin Indonesia is calling for government intervention to fix industrial gas supply and pricing issues that are threatening manufacturing production, investment, and employment. 10 sources. https://clstr.news/cluster/bank-indonesia-reports-august-retail-sales-growth-amid-independence-pledge --- Cite as: Indonesian economic indicators and industrial gas crisis. CLSTR, https://clstr.news/situations/indonesian-economic-indicators-and-central-bank-policy