Energy & Science
Oil-Rich Family Bets Its Millions on Cleaner Fuel in Indonesia
- Sele Raya plans to raise $100 million in initial share sale
- Demand for natural gas is booming in Southeast Asian nation
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For much of Juchiro Tampi’s life, black gold from Indonesia’s resource-rich soils powered his family’s business -- one of the country’s few privately held petroleum producers. But as prices falter and environmental activism rises, he’s turning from oil to a cleaner energy source: natural gas.