Indonesia Has 15 CCS And CCUS Projects Worth 7.97 Billion US Dollars
JAKARTA - Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif said that currently Indonesia has 15 Carbon Capture Storage (CCS) and Carbon Capture Utilization and Storage (CCUS) projects.
"Proyekini is in various stages, mostly targeted to operate by 2030, with an estimated investment of 7.97 billion US dollars," Arifin said in his remarks at The International Convention on Indonesian Upstream Oil and Gas (ICIOG) 2023 at the Bali Nusa Dua Convention Center, Thursday, September 21.
Arifin explained that the government has also set a Ministerial Regulation on CCS/CCUS on upstream oil and gas activities which include technical, business, legal and economic aspects," continued Arifin.
Arifin said, this shows the government's commitment to creating a low emission oil and gas sector while at the same time encouraging increased oil and gas production.
Previously, on a separate occasion, the Director General of Oil and Gas (Migas) of the Ministry of Energy and Mineral Resources (ESDM) Tutuka Ariadji revealed that Indonesia would support CCS and pioneer the implementation of CCS in the Southeast Asia region, following other Asian countries, such as Japan and China, which already have strategic plans and national policies related to CCS/CCUS.
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Thailand and Malaysia will also take steps to develop carbon storage laws. He said the Ministry of Energy and Mineral Resources was preparing a CCS regulatory framework outside of upstream oil and gas (oil and gas) activities. The regulation was formed to support reducing emissions from other industries.
According to Tutuka, strengthening the framework of this regulation also allows Indonesia to become a CCS Hub in the Southeast Asia region. Furthermore, he explained, if the oil and gas sub-sector will remain critical during the energy transition period.
Indonesia itself has set a national oil and gas production target by 2030, and at the same time strives to reduce greenhouse gas (GHG) emissions for the achievement of Net Zero Emission (NZE).