CCS in Malaysia: unlocking the potential of high-CO2 gas fields Report

Insight 31 July 2023

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Report summary

We estimate over 15 billion boe of remaining resources in Malaysia, including about nine billion boe which are undeveloped and high-CO2 content – a significant potential to be unlocked. Carbon capture, transport and storage (CCS) is a key enabling technology. Both Malaysia and its counterpart, Indonesia, are betting big on their CCS strategies, motivated by the need to decarbonize and the growing gas demand in the region. Given its advantaged subsurface for CCS, Malaysia is in a strong position to become one of the CCS hubs of Southeast Asia. However, significant progress is required to establish regulatory frameworks, and define subsurface rights, liability, and CO2 cross-border shipment.