Singapore has become the first country to sign a letter of intent (LOI) with Indonesia on cross-border collaboration on capture and storage of carbon dioxide (CCS) following a new Indonesian law to allow it, the governments said on Thursday (Feb 15).
Indonesia, which sees potential to develop its upstream natural gas sector and CCS as part of the global transition to greener fuel, last month issued a presidential regulation allowing CCS operators to allocate 30 per cent of their storage capacity for imported carbon dioxide (CO2).
Singapore, with its goal of net zero emissions by 2050, is looking at exploring low-carbon technological pathways such as hydrogen and CCS as part of a suite of mitigation measures.
Singapore and Indonesia will form a working group to seek a legally binding bilateral agreement on the cross-border transport and storage of CO2 between the neighbouring countries, a joint statement on Thursday.
The outline deal marked “a significant milestone in our efforts towards sustainable development and environmental stewardship,” Jodi Mahardi, Indonesia’s deputy coordinating minister overseeing energy, told Reuters.
https://thediplomat.com/2023/04/a-maturing-pragmatism-in-indonesia-singapore-relations/
