THE PRINCIPLE OF INTERNATIONAL LAW FOR MOST FAVOURED NATION IN THE DEVELOPMENT OF SHALE HYDROCARBON AND COAL BED METHANE

Cut Asmaul Husna

Abstract


New energy sources in the future such as Shale Hydrocarbon and Coal Bed Methane are very potential in Indonesia. International companies of natural gas and oil such as United States and Canada have been considering themselves to do investment in this sector since 2005. A global challenge such as oil price deflation in 2017 and 2018 decreases investment value of Indonesia natural gas and oil. It expects that strategies of policy and planning of domestic/foreign investors may invest their assets in Indonesia gas and oil and find many new opportunities such as production development of non-conventional natural gas and oil (i.e., MGNK) by prioritizing the principle of equal treatment without any racial discrimination on its origin based on Article 3 subsection (1) of Act No. 25/ 2007 about Capital Investment and Ministerial Decree of Energy and Mineral Source No. 26/ 2017 about the Mechanism of Investment Return on Oild-and-Gas Upstream Business Activities to provide legal assurance in investment climate.


Keywords


investment, non-conventional oil and gas, most favoured nation

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DOI: http://dx.doi.org/10.30649/htlj.v3i1.87

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Hang Tuah Law Journal (Print ISSN: 2549-2055 | Online ISSN: 2549-2071) is licensed under a Lisensi Creative Commons Atribusi 4.0 Internasional. Published by Hang Tuah University, Surabaya, Indonesia.
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