Malaysia and Japan Forge Clean Hydrogen Collaboration in Energy Sector
Key Ideas
- Prime Minister Anwar Ibrahim expresses hope for a successful clean hydrogen project with Sarawak Economic Development Corporation Energy and Japanese consortium by May.
- Collaboration agreement signed between Petros, CCS Ventures Sdn Bhd, and Japanese consortium for CO2 storage site development offshore Sarawak.
- Focus on decarbonisation efforts with involvement in rare earth elements sector and plans for ASEAN Energy Grid and undersea energy cable.
- Japan commits to strengthen collaboration with ASEAN, including areas like ammonia-fuelled gas turbines, CCS, hydrogen, and LNG in Malaysia.
Prime Minister Anwar Ibrahim of Malaysia has shown optimism towards the clean hydrogen energy and decarbonisation collaboration project involving Sarawak Economic Development Corporation Energy, Petros, and a Japanese consortium. The agreement, signed for the development of CO2 storage sites offshore Sarawak, is seen as a crucial step towards achieving carbon neutrality. Anwar's discussions with Japan's Prime Minister Shigeru Ishiba during his official visit to Malaysia revolved around enhancing trade, investment, and energy cooperation. The focus was on strengthening ties in the energy sector, including collaboration on ammonia-fuelled gas turbines, CCS, hydrogen, and LNG. Additionally, plans for the ASEAN Energy Grid and undersea energy cable signify Malaysia's commitment to regional energy connectivity. The visit highlighted the significance of Japan as a key economic partner for Malaysia, with numerous manufacturing projects involving Japanese investments. The elevation of bilateral relations to a Comprehensive Strategic Partnership further solidifies the strong ties between the two countries.
Topics
Power
Economic Development
Carbon Neutrality
Energy Collaboration
Decarbonisation Project
ASEAN Partnership
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