Indonesia's state energy company, Pertamina, signed four agreements on July 25 to explore potential developments of carbon capture storage (CCS) projects or other low-carbon energy initiatives in the country. The largest economy in Southeast Asia is aiming to accelerate the realization of its renewable energy development goals.
One of the partnerships is with Mubadala Energy, the oil and gas unit of Abu Dhabi’s Mubadala Investment Company. The two firms signed an agreement that provides a framework to explore carbon capture, utilization, and storage (CCUS) projects for Pertamina’s and Mubadala Energy’s existing portfolio of assets in Indonesia.
According to the companies, they will also look into potential joint investments in upstream projects that seek to use CCUS applications.
