Pertamina, Petronas, PTTEP race to build Asian carbon storage hubs

Southeast Asia oil companies try to decarbonize, grapple with commercialization

20230628 ENERGY ASIA

Global efforts to rein in carbon emissions were a focus of discussion at the Energy Asia 2023 conference in Kuala Lumpur. (Photo by Norman Goh)

ERWIDA MAULIA and NORMAN GOH, Nikkei staff writers

KUALA LUMPUR -- Southeast Asia's three biggest national oil companies are intensifying efforts to develop carbon capture and storage (CCS) capabilities in an attempt to both decarbonize and seize opportunities in the nascent industry, their top executives say.

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