JERA Signed Strategic Partnership with Pertamina

SEATTLE (Oil Monster): Japanese power company JERA Co., Inc. and Indonesia state-owned oil and natural gas company Pertamina signed a memorandum of understanding (MoU) to explore potential business collaboration that will primarily focus on liquefied natural gas (LNG) and hydrogen/ammonia value chains in Indonesia.

The agreement was signed between A. Salyadi Saputra, Director of Strategy, Portfolio & New Ventures of Pertamina and Steven Winn, Senior Managing Executive Officer and Chief of Global Strategist of JERA.

The collaboration covers LNG and hydrogen/ammonia transportation and LNG receiving terminal Operation & Maintenance and capacity building. Furthermore, it will provide training and/or exchange to improve the operational efficiency of LNG handling. In addition, the collaboration will also explore the development of new businesses related to Carbon Capture Utilization and Storage (CCUS).

The collaboration is expected to play an important role in Indonesia’s energy transition and help the country achieve net zero emissions by 2060. It will jointly work to address the issue of rising energy demand in the short-term and energy decarbonization in the medium-to-long term.

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