22.8 C
Brunei
Friday, December 9, 2022
22.8 C
Brunei
Friday, December 9, 2022
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    Shell to explore carbon transport and storage in Brunei, Singapore

    Shell Eastern Petroleum (Shell) has signed a memorandum of understanding (MoU) with Brunei Shell Petroleum Company Sdn Bhd (BSP) to explore the feasibility of carbon transport and storage options for Brunei and Singapore. This could potentially form part of a carbon capture and storage (CCS) hub in Southeast Asia.

    Under the MoU, both parties will evaluate the technical and commercial feasibility of carbon storage options in the Sultanate and carbon transport solutions from Singapore. The MoU will also enable cooperation between the two countries in developing relevant policies. This MoU complements efforts undertaken by the Government of Brunei Darussalam and Singapore to deepen cooperation in the areas of energy and green economy, such as CCS through an MoU signed in August this year.

    “We are in a good position to leverage our existing relationships and track records in Brunei and Singapore to enable the development of a potential CCS hub in Southeast Asia,” said Managing Director of BSP Agnete Johnsgaard-Lewis.

    Managing Director of BSP Agnete Johnsgaard-Lewis at the event. PHOTO: BSP
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