Pertamina targets cross-border CCS investment decision in two to three years
PHE says long-term contracts, assured carbon dioxide supplies and regulatory certainty are needed to develop cross-border storage projects.
Pertamina aims to reach a final investment decision and advance to injection for what it describes as the Asia-Pacific region’s first commercial cross-border carbon capture and storage (CCS) project within two to three years, according to PT Pertamina Hulu Energi (PHE).
Dannif Utojo Danusaputro, PHE’s director of investment and business development, outlined the target at the Japan CCUS Summit 2026 in Tokyo on 19 October 2026. His remarks were included in a company statement dated 23 October 2026.
Dannif said making cross-border CCS viable required more than available storage capacity. Investors needed confidence over 20 to 30 years, supported by regulatory certainty, coordinated and transparent institutions overseeing permits and cross-border activity, and long-term financial viability.
For storage providers such as Pertamina, he said, developing a CCS hub involves substantial upfront spending on characterisation studies, drilling, injection facilities and transport infrastructure. Such investment requires dependable carbon dioxide supply volumes, readiness at industrial capture facilities and long-term commercial agreements.
He urged developers to build trust through transparency, develop hub-scale infrastructure and work closely with governments and long-term partners. A successful first project could validate the regulatory framework, business model, technology and partnership arrangements, he said.
Dannif linked the cooperation to the Asia Zero Emission Community vision. He said Japan would gain long-term certainty over emissions storage, while Indonesia could develop a new low-carbon industry, as Pertamina works with the government towards establishing a regional CCS hub.
