【SMM Flash News】Astrindo Secures Gas Supply MoU for Mini LNG Project

House of Representatives (DPR) Commission XII member Jalal Abdul Nasir has called on the government to clarify the extreme disparities in the 2026 coal RKAB (Work Plan and Budget) approvals. While acknowledging the government's effort to prevent oversupply and stabilize prices, Jalal highlighted that some miners face cuts as deep as 40–70%, while others remain unaffected. He warned that such extreme reductions could lead to operational shutdowns and mass layoffs if the underlying regulatory basis is not transparently communicated to industry players. This follows reports that the government aims to cap 2026 production at approximately 600 million tons.

London-listed Upland Resources Limited (LSE: UPL) has signed a strategic Memorandum of Understanding (MoU) with PT Pembangunan Aceh (PEMA) to conduct a joint feasibility study for Blocks MY1 and MY2 in Aceh Province. The agreement, signed on February 26, 2026, focuses on the high-potential Tamiang Sub-Basin, which is estimated to hold "yet-to-find" resources of 1.4 billion barrels of oil equivalent (boe). Block MY1 alone contains discovered gas resources estimated between 100–400 Bcf. The partnership aims for a structured production ramp-up targeting 20,000 boe/d within five years. This project is supported by a $100 million funding commitment from Upland's strategic partner, Lost Soldier Oil & Gas.

South Korean maintenance expert KEPCO KPS has signed a Memorandum of Understanding (MoU) with PLN NPS, a subsidiary of Indonesia’s state utility PLN, to collaborate on power plant performance improvements. Signed in Jakarta on February 24, 2026, the agreement focuses on the retrofit and rehabilitation of aging thermal power plants across Indonesia. By combining KEPCO KPS’s advanced diagnostic and maintenance technologies with PLN NPS’s 20 GW operational footprint, the partnership aims to enhance energy efficiency and support Indonesia’s carbon reduction goals. This move follows KEPCO KPS's broader strategy to expand its overseas O&M (Operation and Maintenance) business, particularly in aging infrastructure markets.