Petronas inks CCS pact with South Korean firms

Malaysian energy giant and LNG player, Petronas, has signed a deal with six South Korean companies to study establishing a full value chain related to carbon dioxide (CO2) capture, transport, and storage.

Petronas said in a statement it signed the memorandum of understanding on Tuesday to undertake conceptual and feasibility studies.

The six companies are Samsung Engineering, Samsung Heavy Industries, SK Earthon, SK Energy, GS Energy, and Lotte Chemical.

Moreover, the memorandum will also involve involve the evaluation of potential CO2 storage sites in Malaysia and exploration of other areas across the CCS value chain, including the strengthening of cross-border CO2 transportation, it said.

“The feasibility studies undertaken through this collaboration will identify suitable technologies for the CCS and transportation value chain, bringing Petronas closer towards establishing Malaysia as a leading regional CCS solutions hub,” Petronas head of carbon management, Emry Hisham, said.

Petronas previously signed several CCS deals, including for the Bintulu LNG production complex in Malaysia with Japex.

Malaysia LNG, a unit of Petronas, operates the giant 30 mtpa LNG export facility in Sarawak.

- Advertisements -

Most Popular

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Nigeria’s NNPC teams up with China’s Wison on floating LNG project

State-run Nigerian National Petroleum Corp is joining forces with China's Wison to develop a floating LNG production project in...

Trinidad seals Atlantic LNG restructuring deal with Shell and BP

Trinidad and Tobago has finally signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, Shell, BP,...

More News Like This

Inpex gets approval for Abadi LNG project in Indonesia

Japan's Inpex said it has received written approval for the revised plan of development for the Abadi LNG project...

Malaysia’s MISC reports higher Q3 LNG earnings

Malaysia’s LNG shipper MISC, a unit of Petronas, said its LNG business logged a rise in both revenue and...

Cedar LNG pens deal with SHI and Black & Veatch to secure shipyard capacity

Canada’s Pembina Pipeline and the Haisla Nation have signed a heads of agreement with US-based engineer Black & Veatch...

MISC inks deal for Pengerang LNG FSU conversion

Malaysia’s LNG shipper MISC has entered into a deal with a unit of its parent Petronas to convert a...