Transition to green energy on track, says Petronas

TheEdge Wed, Sep 14, 2022 03:03pm - 8 months View Original

KUALA LUMPUR (Sept 14): The transition to green energy is still on track despite the energy crisis being played out, especially in Europe, with many countries considering a return to coal in view of the sanctions against Russia.

The European Union imports about 90% of its gas consumption, with Russia supplying about 45% of it.

Petroliam Nasional Bhd (Petronas) vice-president of exploration, upstream, Mohd Redhani Abdul Rahman said the national oil company will be more responsible about its oil and gas exploration moving forward.

He noted that exploration activities in Malaysia will be higher than in the previous two to three years, subject to affordability. 

Mohd Redhani pointed out that Petronas is currently ramping up efforts for carbon capture and storage (CCS), not only to reduce its own carbon emissions, but also to make Malaysia a hub for CCS due to its geography and capacity. 

"A lot of people in the industry are talking about pre-combustion carbon capture. This is what we are doing in offshore Sarawak, and this is what a lot of people do. Other parts of the world are talking about post-combustion capture and storage. 

"There may be a day when we can have a gas plant with post-combustion carbon capture. This is another space that oil and gas, services and equipment players can consider," he told an executive plenary session titled "Charting the Future of Oil, Gas & Energy in the Region".

The session was held on the sidelines of the Malaysian Oil and Gas Services Exhibition and Conference (MOGSEC) here on Wednesday (Sept 14).

Pre-combustion capture refers to the removal of carbon dioxide (CO2) from fossil fuels before combustion is completed, while post-combustion capture is the removal of CO2 from power station flue gas prior to its compression, transportation and storage in suitable geological formation, as part of CCS.

 According to Petronas' website, the group uses CCS technology in high CO2 fields. It aims to further capture and store CO2 emissions, while maturing technologies for onshore processing plants to utilise and convert CO2 into valuable products. 

The Kasawari Integrated Offshore High Contaminant Project in Sarawak, a CCS project, is part of its carbon commitment and greenhouse gas emissions reduction efforts.

Read also:
Petronas CEO calls for O&G players to innovate to tackle energy and climate crisis

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