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Malaysia’s Petronas, Shell unit partner to explore carbon capture and storage -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A queue of motorists wait to fill up natural gas at the Petronas station in Kuala Lumpur, February 4, 2012 with the Petronas Twin Towers headquarters behind them. REUTERS/Bazuki Muhammad

KUALA LUMPUR, (Reuters) – Malaysia’s State Oil Company Petroliam Nasional Berhad (“Petronas”) has signed a deal with Royal Dutch Shell’s subsidiary (LON:), to work together on carbon capture-and storage (CCS). The agreement will be implemented in Southeast Asia and the surrounding region.

    Under the Joint Study and Collaboration Agreement, Petronas and Sarawak Shell Berhad will perform an integrated CCS Area Development Plan study within several locations offshore Sarawak, Petronas said in a statement.

    “This is one of the many efforts to position and establish Malaysia as a leading CCS solutions hub in the region,” said Adif Zulkifli, Petronas’ Executive Vice President and Chief Executive Officer of Upstream. 

    Petronas said the scope of the agreement includes exploring the provision of decarbonisation service to Shell’s local and cross-border facilities, as well as to other potential regional customers.

    Petronas last year signed a memorandum of understanding (MoU) with ExxonMobil (NYSE:) Exploration and Production Malaysia Inc., and another with POSCO (NYSE:) International Corporation and POSCO Engineering & Construction Co. Ltd to explore opportunities in CCS technologies.

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