President Susilo Bambang Yudhoyono has issued a presidential regulation
to ratify a key Association of Southeast Asian Nations agreement to assist
member states who experience an emergency energy shortage.
The Asean Petroleum Security
Agreement was first agreed to in Cha-am, Thailand, in March 2009.
The State Palace said the
presidential regulation was issued taking into consideration the Constitution,
existing laws on oil and energy and on international cooperation, as well as
the bloc’s energy cooperation pact, which Indonesia ratified in 1995.
The petroleum security agreement
stipulates the establishment of a Coordinated Emergency Response Measures to
help Asean member states experiencing emergency situations in energy supply, by
mobilizing Asean members’ oil industry.
CERM will be an operational
institution composed of a regulatory council, a compliance committee, a
secretariat, a coordinating body, industry advisory group and an implementing
body with membership from each of the Asean members states.
The CERM will act when a member
country experiences energy shortages of at least 10 percent of its normal
domestic consumption for at least 30 consecutive days.
Under the mechanism, the country
experiencing the emergency, has to report to the secretariat of the Asean
Council on Petroleum (Ascope) and seek the assistance of the CERM.
All Asean countries are under the
obligation to provide oil and gas to a country in need, but the assistance
should be on a voluntary basis and is to be negotiated between the concerned
nations.
The 10 members of Asean are
Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines,
Singapore, Thailand and Vietnam.
Ezra Sihite
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