Saham News
Breaking: Oil Prices Surge as Indonesia's IHSG Drops Over 1%
/index.php
Bisnis | Ekonomi - Posted on 16 May 2024 Reading time 5 minutes
DIGIVESTASI - The Ministry of Energy and Mineral Resources (ESDM) revealed that Indonesia has the potential to store up to 577 billion tons of carbon emissions. Director of Engineering and Environment of the Directorate of Petroleum (DG Oil and Gas) of the Ministry of Energy and Mineral Resources Noor Arifin Muhamad revealed that there are at least 20 potential resources that store carbon in the salinity of aquifers and oil and gas reservoirs that have been depleted.
“This is the result of a study that shows our Lemigas (Indonesia) has a potential of 570 gigatons (CO2),” he said at the Indonesian Petroleum Association (IPA Convex) conference and exhibition, at ICE BSD South Tangerang, quoted Thursday. (May 16, 2024).
Specifically, 577.62 billion tons of CO2 are spread across 20 locations with two sources, namely depleted oil and gas reservoirs and salt mines.
The following is a list of potential domestic CO2 storage facilities based on the records of the General Petroleum Department of the Ministry of Energy and Mineral Resources:
1. North East Java: 100.83 Giga Ton
2. Tarakan: 91,92 Giga Ton
3. North Sumatera: 53,34 Giga Ton
4. Makassar Strait: 50,70 Giga Ton
5. Central Sumatera: 43,54 Giga Ton
6. Kutai: 43,00 Giga Ton
7. Banggai: 40,31 Giga Ton
8. South Sumatera: 39,69 Giga Ton
9. Kendeng: 30,64 Giga Ton
10. West Natuna: 13,15 Giga Ton
11. Barito: 12,05 Giga Ton
12. Seram: 11,58 Giga Ton
13. Pasir: 10,36 Giga Ton
14. Salawati: 8,75 Giga Ton
15. West Java: 7,22 Giga Ton
16. Sunda Asri: 6,52 Giga Ton
17. Sengkang: 4,31 Giga Ton
18. Bintuni: 2,13 Giga Ton
19. North Serayu: 1,55 Giga Ton
20. Bawean: 1,16 Giga Ton
Noor Arifin said national CCS projects can be proposed as PSN. Currently, no national CCS project has become a PSN.
However, he said there are types of carbon capture, utilization and storage (CCUS) projects that will become PSNs, particularly projects in the Tangguh Block, Bintuni, West Papua. “If the current PSN is Tangguh, then the current PSN at Tangguh is CCUS. CCUS has become a PSN there, yes, if it is CCUS, then the carbon is not captured in storage but used for containment,” he explained. The carbon is not captured but used for containment,” he explained.
Earlier, Minister of Energy and Mineral Resources Arifin Tasrif also said that in line with the net zero emission commitment, the government has also established regulations related to CCS/CCUS, including Presidential Regulation Number 14 of 2024. This regulation covers aspects of implementation based on carbon capture and storage that were not previously regulated in the Ministry of Energy and Mineral Resources Regulation No. 1. Decree No. 2 of 2023 concerning the Implementation of CCS/CCUS Activities in Upstream Oil and Gas Commercial Activities.
Minister Arifin emphasized: “There are currently 15 CCS/CCUS projects in different stages. With a total CO2 storage resource of more than 500 gigatons, we believe Indonesia has the opportunity to expand the development of CCS/CCUS activities.”
Find more news and articles on Google News
Source: cnbcindonesia.com
What do you think about this topic? Tell us what you think. Don't forget to follow Digivestasi's Instagram, TikTok, Youtube accounts to keep you updated with the latest information about economics, finance, digital technology and digital asset investment.
DISCLAIMER
All information contained on our website is summarized from reliable sources and published in good faith and for the purpose of providing general information only. Any action taken by readers on information from this site is their own responsibility.