JOGMEC Published CO2-EOR Guideline for ASEAN
Japan, 23 June 2023: Japan Organization for Metals and Energy Security (JOGMEC) has developed and published the “JOGMEC’s guideline for safe, long-term containment of CO2 using CO2-EOR (JOGMEC CO2-EOR Guideline).” It will apply its knowledge and experiences in developing natural resources and strengthen its support for CO2-EOR projects in which Japanese companies participate.
JOGMEC has been developing carbon dioxide capture and storage (CCS) and carbon intensity (CI) guidelines to establish institutional infrastructure aimed at energy security and climate change mitigation. It considers CO2-EOR (CO2-enhanced oil recovery), a technology to increase crude oil production by injecting CO2 into underground reservoirs, as an important method to accomplish energy transition; moreover, JOGMEC has established guidelines aimed to provide recommended work guidelines (guidelines) for the appropriate implementation of CO2-EOR, which can contribute to climate change mitigation.
Accelerating the Deployment of CCS in ASEAN: ERIA Participated in the South East Asia CCS Accelerator
Bangkok, 15-16 May 2023: The Global CCS Institute (GCCSI) in cooperation with Ministry of Energy Thailand and ASEAN Centre for Energy (ACE), organised the first South East Asia CCS Accelerator (SEACA) workshop. To help the ASEAN create a transition to a low-carbon energy future and tackle climate change, SEACA aspires to accelerate commercial CCS deployment in the region.
SEACA is built on three pillars that are crucial to the development of CCS projects: CCS Regulation, Enabling Policy, and Geological Storage Resource Development. The Global CCS Institute launched the Southeast Asia CCS Accelerator (SEACA), a platform for collaboration between governments and the respective agencies, international organizations, private sectors, and governments of developed economies with an interest in CCS in ASEAN to achieve net-zero emission target by deploying CCS technology.
Prospects of Natural Gas Market in EAS Region Examined at Workshop as Experts See Doubling of Natural Gas Demand by 2050
Jakarta, 21 February 2023: Applying existing and affordable fuels and energy technologies to expand the use of natural gas is one way to reduce greenhouse gas emissions. That was the gist of the message delivered by Prof Hidetoshi Nishimura, President of the Economic Research Institute for ASEAN and East Asia (ERIA), at a workshop on Prospects of a Natural Gas Market in the East Summit (EAS) Region Amidst Carbon Neutrality Pledges and Geopolitical Tensions. Held at Fairmont Hotel in Jakarta, the workshop was sponsored by ERIA and the Gas Exporting Country Forum (GECF).
Prof Nishimura said that decarbonising energy systems requires the rapid scaling up of existing cleaner energy sources and technologies with essential support for policy, fiscal, and monetary incentives, and appropriate market design.
Delivering the workshop’s opening remarks was H.E. Eng Mohamed Hamel, GECF’s Secretary General, who forecast that in the ASEAN region, natural gas demand was expected to more than double, rising to more than 350 billion cubic metres by 2050.
H.E. Mr Arifin Tasrif, Indonesia’s Minister of Energy and Mineral Resources, citing the country’s natural gas potential, said that the challenges are developing the infrastructure connecting the pipeline from western to eastern Indonesia, and creating a new policy framework to attract investment into the natural gas market. He mentioned that the use of natural gas has diversified into the fertiliser, petrochemical, and glass industries, amongst others.
Explores Green Financing Mechanisms to Accelerate Energy Transition in Emerging Economies
The Economic Research Institute for ASEAN and East Asia (ERIA) – the secretariat of the Asia CCUS Network (ACN) – co-organised a Think Tank20 (T20) event on 20 July 2022 to explore realistic green financing schemes for emerging economies. The event also sought to provide research-based policy recommendations and input for G20 leaders on the topic of climate change and energy transition. The Institute of Economic and Social Research Faculty of Economics and Business, University of Indonesia (LPEM-FEB UI) also co-organised the webinar entitled 'Emerging Economies towards Net Zero Emission: Challenges and Opportunities on Technology Innovation and Financing.’
Japan Oil, Gas and Metals National Corporation (JOGMEC) Published A Recommended CCS Projects’ Guideline
By JOGMEC CCS Group
In May 2022, JOGMEC has published the first version of a “Recommended guideline for the implementation of Carbon dioxide Capture and Storage Projects (CCS guideline)”. This guideline aims to promote CCS business and assert the view of JOGMEC on CCS business.
JOGMEC has developed an operator-friendly guideline to support CCS deployment that contains recommended workflows from project planning to project closure as well as standards for evaluating CO2 storage resources and the amount of greenhouse gas reduction. The next step will be to study methodologies to quantify the amount of CO2 storage through CO2-EOR (enhanced oil recovery by carbon dioxide injection). It is believed that ’harmonisation’ is the key to the successful CCS deployment throughout Asia. JOGMEC aims to play a role in creating harmony among multiple stakeholders, to achieve CCS deployment in Asia, and the CCS guideline is one of the instruments we will use to achieve this goal.
The Global CCS Institute Holds the 10th Annual D.C. Forum
By Global Carbon Capture and Storage Institute (GCCSI)
The Global CCS Institute’s 10th Annual D.C. Forum, hosted on 16 June, brought together the carbon capture and storage industry to address the rapidly evolving interplays of policy, finance, technology, and justice. The Institute’s CEO Jarad Daniels commenced the day-long conference by reminding the audience of the organisation’s vision, that CCS is an integral part of the net-zero emissions future, and its mission, to accelerate the global deployment of CCS. Jarad emphasised the Institute’s five-year plan with the objectives of fact-based influential advocacy, catalytic thought leadership, and authoritative knowledge sharing.
Natural Gas Crucial as Global Energy Transition Efforts Poised to Intensify
The Economic Research Institute for ASEAN and East Asia (ERIA) – the secretariat of the Asia CCUS Network (ACN) – co-hosted the G20 Side Event Series entitled ‘Escalating the Role of Gas in Energy Transition’. As the main host, the Ministry of Energy and Mineral Resources (MEMR), Directorate General of Oil and Gas, Republic of Indonesia gathered a distinguished group of policymakers and industry players to discuss how natural gas can abate carbon emissions and serve as a more stable future energy supply.
The inclusion of natural gas in the global energy mix will be integral as the world deepens its energy transition process and increased energy demand in the future becomes inevitable. Economic and population growth poised to occur in the Asia Pacific and other regions will significantly intensify energy consumption. These trajectories come amidst the backdrop of net-zero commitment targets by 2050 by the Global 20 (G20) states as well as ASEAN Member-States. To resolve the challenge of striking a balance between clean energy targets and ensuring affordable energy, the role of gas is especially crucial.
Affordability of Carbon Capture, Utilisation, and Storage Discussed Ahead of G20 Summit
Indonesia remains steadfast in realising its ambitions of deploying carbon capture, utilisation, and storage (CCUS) technologies whilst ensuring the affordability of this carbon-reducing innovation. With Indonesia at the helm of this year’s Global 20 (G20) Summit, the country’s headway in carbon-neutral technologies is demonstrative of emerging markets’ potential in the sector as Southeast Asia forges ahead with its net-zero emissions target.
The Economic Research Institute for ASEAN and East Asia (ERIA) – the secretariat of the Asia CCUS Network (ACN) – co-hosted the G20 Side Event Series entitled ‘Making CCS/CCUS Affordable: Enabling CCUS Deployment in G20 and Beyond’ on 13 April 2022. As the main host, the Ministry of Energy and Mineral Resources, Directorate General of Oil and Gas, Republic of Indonesia brought together a prominent group of industry leaders and policymakers to discuss the progress and future of this critical carbon-reducing innovation in developing countries.