Petronas, TotalEnergies and Mitsui to develop CO2 storage off Malaysia

· Oil & Gas · Malaysia

PETRONAS CCS Ventures, a wholly owned subsidiary of Malaysia's state oil and gas firm Petronas, along with TotalEnergies EP CCS Malaysia and Mitsui, will develop a CO2 storage area offshore Peninsular Malaysia. The partners are advancing carbon capture and storage as a way to manage emissions from the region's oil and gas operations. The project places a major national oil company alongside international majors and a Japanese trading house in building out CCS infrastructure in Southeast Asia.

Why it matters：National oil companies and majors are betting CCS infrastructure can keep hydrocarbon production viable as emissions rules tighten.

Key points

  • The storage area lies offshore Peninsular Malaysia.
  • Petronas participates through its CCS Ventures subsidiary.
  • TotalEnergies and Mitsui are the international partners.

Sources (original reporting)

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