JAKARTA - PT Pertamina (Persero) declared the Zero Routine Flaring (ZRF) Initiative initiated by the World Bank as part of the company's efforts to support the sustainable energy transition at the COP 29 event in Baku, Azerbaijan.
Pertamina is the only Indonesian company that supports the ZRF Initiative which is Pertamina's decisive step in achieving Net Zero Emissions (NZE) in 2060 or even sooner.
"Pertamina is honored to officially declare support for the Zero Routine Flaring Initiative initiated by the World Bank. This commitment is Pertamina's real step in reducing emissions and contributing to global efforts to reduce the impact of climate change," said President Director of PT Pertamina Geothermal Energy Tbk (PGE) Zulfi Hadi in a written statement, quoted from Antara. Tuesday 12 November.
ZRF Initiatives, he said, aims to gain the world's government and oil and gas companies' commitment to stop routine flaring before 2030, which will be achieved through regulatory adjustments, technology development and financial cooperation.
He realized the importance of meeting energy demand which continues to increase along with economic growth, but continues to strive to do so in an environmentally friendly way.
Therefore, to realize sustainable operations, Pertamina initiated the ZRF principle, the elimination of routine flaring gases is a crucial step in achieving the target of reducing emissions.
As part of the national strategy, Pertamina's commitment is also in line with Indonesia's Nationally Determined Contributions (NDC), which supports the global agenda in the Paris COP21 Agreement.
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Meanwhile, Global Director for the World Bank Demmetrios Papathanasiou appreciated this step and called Pertamina an important partner in Southeast Asia.
"Pertamina is an important oil and gas company in Southeast Asia, which produces more than one million barrels every day and is a key factor for the Indonesian economy. Pertamina's move to develop oil and gas without gas flaring is an extraordinary ambition," he said.
Demetrios is also enthusiastic about collaborating with Pertamina in the Global Flaring and Burn Reduction Initiative.
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