BUMN Gas Subholding Collaborates with South Korea to Reduce Carbon Emissions

PT PGN Tbk as Pertamina Gas Subholding establishes a synergy with an energy company from South Korea, namely SK E&S Co., Ltd (SK). This collaboration was also initiated in order to increase the growth of the natural gas business as well as efforts to reduce carbon emissions. This collaboration was inaugurated at the signing of the MOU by PGN’s Director of Strategy and Business Development, Heru Setiawan, and Vice President of SK E&S Co., Ltd, Ho Sik Lee on Tuesday (22/2/2022). SK is a company that focuses on electricity, LNG, renewable energy, communal energy, city gas, various overseas energy businesses, and business development in hydrogen and CCS.

The CEO of Sub-holding Gas PT PGN Tbk M Haryo Yunianto explained that PGN and SK will conduct a joint study regarding the potential for cooperation in the development of hydrogen and CCS in Indonesia. In addition, PGN & SK will jointly look for opportunities to develop the gas business in Indonesia and Korea, including conducting LNG trading.

CCS or carbon capture and storage includes activities in reducing greenhouse gas emissions which include the separation and capture of carbon emissions or CO2 gas. Then the transportation of carbon emissions will be captured to the storage area or storage to the injection target zone safely and permanently, in accordance with engineering rules.

Haryo hopes that this collaboration will not only provide benefits for PGN and SK. But also supports the government regarding the use of Carbon Capture and Storage/Carbon Capture, Utilization and Storage (CCS/CCUS) technology in the oil and gas industry, so that it can have a positive impact on the Indonesian economy.

Feb 24, 2022, DetikFinance(https://finance.detik.com/energi/d-5957589/subholding-gas-bumn-gandeng-korsel-tekan-emisi-karbon)