Page 9 - AsianOil Week 46 2021

AsianOil SOUTHEAST ASIA AsianOil

Petronas signs raft of CCUS agreements

PROJECTS & MALAYSIA’S state-owned Petronas has signed a The Malaysian major has also signed a
COMPANIES number of agreements this month with interna- heads of agreement (HOA) with Technip
tional partners that focus on developing carbon Energies to develop and commercialise CCUS
capture, utilisation and storage (CCUS) technology. technologies.
Petronas has signed a memorandum of These include Petronas’ rotating pack bed
understanding (MoU) with Baker Hughes to assisted cryogenic carbon dioxide (CO2) recov-
collaborate on “technological developments sup- ery technology (CryoMin) as well as mem-
porting energy transition”, among other things, brane-based CO2 recovery technology (PN2),
the state major announced on November 16. the state company said on November 15. The
The energy developer said the collabora- companies will also work on developing associ-
tion would help it to advance its interests in ated services and equipment.
the CCUS space as well as in hydrogen, digital Petronas’ senior vice president of project
solutions, as well as sustainability and emissions delivery and technology, Bacho Pilong, said Pet-
management. ronas had identified CCUS technologies as key
The companies agreed to combine their to helping the company achieve its goal of reach-
expertise to “optimise sustainable delivery of ing net zero emissions by 2050.
energy offerings while leveraging on technology The agreements with Baker Hughes and
and digitalisation”. The agreement was signed at Technip Energies come after Petronas signed an
the Abu Dhabi International Petroleum Exhibi- MoU with US super-major ExxonMobil earlier
tion & Conference (ADIPEC) on November 13. this month to evaluate how CCUS might be used
Petronas president and CEO Tengku to help decarbonise upstream operations.
Muhammad Taufik said: “At Petronas, we are Under the terms of the MoU, which was
committed to take a holistic approach in sus- signed on November 3, both companies will
tainability, and leverage on innovation to pursue assess the viability of potential CCS projects in
our sustainability agenda … The MoU maps out selected locations offshore Peninsular Malaysia
a spectrum of initiatives that support these lenses and identify suitable technologies.
with a view to ultimately enable [the delivery of] Petronas and ExxonMobil will also share
sustainable energy offerings, while leveraging on subsurface technical data to enable CO2 storage
technology and digitalisation.” assessment and characterisation.™

EAST ASIA

Mongolia hopes for 2024 start

on Russia-China pipe project

PIPELINES & MONGOLIA’S government is hopeful that con- Russian sources that spoke with the Mos-
TRANSPORT struction can get underway on a pipeline to flow cow-based Kommersant newspaper expressed
Russian gas through the country to China in doubt that construction of Soyuz Vostok would
2024, local news agency Montsame has reported. indeed begin as early as 2024. It notably took
But with China and Russia yet to finalise a gas decades for a supply contract to be reached for
sales contract to underpin the project, this is shipments via China and Russia, with the gas
likely over-ambitious. price proving to be a major sticking point. Even
Mongolian Deputy Prime Minister Sainbuyangiin after the $400bn deal was finally reached in 2014,
Amarsaikhan was quoted by the news agency as say- it was reportedly revised several years later after
ing that a feasibility study on the project, named Soyuz the collapse in oil prices.
Vostok, was now 70% complete. It is expected to be In a sign of progress, Russian President Vladimir
finished by the end of the year, he said. Putin announced in late October that an agreement
Russia and China first mooted a plan to build “in principle” had been reached with Beijing on a
a second gas pipeline between them in September route for the second pipeline. Moscow had earlier
2019, two months before the launch of their first pushed for the construction of a pipeline directly
pipeline, Power of Siberia. Soyuz Vostok is set to to China via the Altai mountains, but Beijing was
flow up to 50bn cubic metres per year of gas, which not happy with this option, as it would have entailed
adding to the 38 bcm per year that Power of Siberia the development of significantly more kilometres
will deliver at full capacity, will dramatically expand of pipeline in China to bring the gas to the country’s
Russia’s share of the Chinese gas market. industrialised eastern seaboard.™

Week 46 19•November•2021 www. NEWSBASE .com P9