JOGMEC and PERTAMINA signed Memorandum of Understanding to contribute to energy transition
Japan Organization for Metals and Energy Security (JOGMEC) and PT Pertamina (Persero) (PERTAMINA) signed a Memorandum of Understanding to promote discussion to create future business opportunities in contributing to energy transition and security in Indonesia and Japan. Based on this MOU, both parties will commence discussion to formulate and promote projects related to CO2-EOR/EGR, hydrogen and ammonia production with CCS, and industrial CCS, including Japanese companies.
Signing Ceremony in Sapporo, Japan (Source: Ministry of Economy, Trade, and IndustryMETI)
(From left, H.E. Arifin Tasrif, Minister of Energy and Mineral Resources in Indonesia, Ms. Nicke Widyawati, President Director & CEO, PERTAMINA, Mr. TAKAHARA Ichiro, Chairman & CEO, JOGMEC and H.E. NISHIMURA Yasutoshi, Minister of Economy, Trade and Industry in Japan).
The signing ceremony of the MOU was held in Sapporo, Japan on April 14, 2023 witnessed by H.E. Arifin Tasrif, Minister of Energy and Mineral Resources in Indonesia and H.E. NISHIMURA Yasutoshi, Minister of Economy, Trade and Industry in Japan, taking the occation of the G7 Ministers' Meeting on Climate, Energy and Environment.
JOGMEC and PERTAMINA together with PT Pertamna EP, a subsidary of PERTAMINA, have collaborated in a joint study on CO2 injection at the Jatibarang Field in West Jawa, Indonesia since August 2022. The parties have successfully implementated CO2 Huff and Puff to demonstrate and verify the effect of CO2-EOR and CO2 underground storage for a depleted oil and gas field.
In Indonesia, several Japanese companies are conducting upstream development projects related to oil and natural gas. In addition, Indonesia has high potential of CO2 underground storage, as well as clean fuel production such as hydrogen and ammonia. JOGMEC will strengthen its cooperative relationship with PERTAMINA through this MOU to create business opportunities in contributing to the energy transition and energy security in Indonesia and Japan.
JOGMEC is committed to improving Japan's energy security and contributing to sustainable economic development and carbon neutrality in the Asian region, including Indonesia, based on the Asian Zero Emission Community (AZEC) concept and the Asian Energy Transition Initiative (AETI), both led by the government of Japan. We will contribute to the improvement of Japan's energy security and realization of sustainable economic development and carbon neutrality in Indonesia and other Asian countries.
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