logo
Malaysia vows strong safeguards in Japan CO₂ storage deal

Malaysia vows strong safeguards in Japan CO₂ storage deal

The natural resources and environmental sustainability ministry says any cross-border CO₂ storage arrangement would be strictly governed by bilateral or multilateral agreements. (Wikimedia Commons pic)
KUALA LUMPUR : The government has pledged to enforce strict environmental and legal safeguards, amid reports of an agreement with Japan for liquefied carbon dioxide (CO₂) to be stored in offshore sites beginning as early as 2030.
In a statement to FMT, the natural resources and environmental sustainability ministry said the government was committed to upholding the 'highest environmental and safety standards'.
It stressed that all carbon capture and storage (CCS) projects would be subjected to rigorous environmental impact assessments (EIA), real-time monitoring and robust regulatory oversight.
'Long-term monitoring protocols will include seismic surveys, well integrity checks and the use of advanced technologies to detect any potential leaks,' the ministry said, adding that a dedicated legal framework was being developed to ensure environmental protection and accountability.
The ministry's statement follows a report that Japan plans to export CO₂ for underground storage in Malaysia through a partnership involving Mitsui & Co., Kansai Electric Power, and state oil company Petronas.
Nikkei Asia reported that the stored carbon from Japanese power plants and factories would be injected into depleted gas fields in Malaysian waters, with the Malaysian government expected to sign a memorandum of understanding with Japan by this year.
The Japanese daily also reported that Japan was aiming to store up to 10 million tonnes of CO₂ annually in Malaysia as part of its goal to achieve net-zero emissions by 2050.
Addressing concerns that Malaysia could become a dumping ground for foreign emissions, the ministry said any cross-border CO₂ storage arrangement would be governed strictly under bilateral or multilateral agreements.
These will align with international standards and clearly define legal responsibilities, risk-sharing mechanisms and safeguards to prevent misuse, said the ministry.
'Malaysia's priority is to safeguard its national interest, environmental integrity and sovereignty,' the ministry stated.
'Malaysia will only accept carbon storage projects that are environmentally sound, economically beneficial and aligned with our national climate goals.'
The ministry also said that storing CO₂ for another country would not affect Malaysia's own carbon budget or Nationally Determined Contributions (NDC) target under the Paris Agreement.
'Technically, receiving CO₂ from other countries, including Japan, does not affect Malaysia's NDC target,' the ministry said.
'However, if the storage site leaks in the future, then Malaysia will be responsible for it.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Petronas layoffs driven by global challenges, not Petros issue: Fadillah
Petronas layoffs driven by global challenges, not Petros issue: Fadillah

Daily Express

timean hour ago

  • Daily Express

Petronas layoffs driven by global challenges, not Petros issue: Fadillah

Published on: Saturday, June 07, 2025 Published on: Sat, Jun 07, 2025 By: Bernama Text Size: For illustrative purposes only. KUCHING: Petroliam Nasional Bhd's (Petronas) move to trim its workforce stems from global challenges and is not connected to the national oil firm's issues with Petroleum Sarawak Bhd (Petros). Deputy Prime Minister Datuk Seri Fadillah Yusof said the restructuring process is necessary amid the decline in crude oil prices. Advertisement He also plans to meet with Petronas to get more details on the restructuring process. 'That is why Petronas has to relook its entire operation. I'm planning a meeting with them to get a briefing on the matter and to ensure that the number of layoffs can be reduced, if not avoided,' he told reporters attending the Aidiladha sacrificial event at Taman Hussein Mosque here today. On June 5, Petronas president and chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz reportedly said the national oil firm is cutting 10 per cent of its workforce to cope with challenging operating conditions, particularly due to falling crude prices. Tengku Muhammad Taufik said the number of staff involved in the downsizing process currently stands at around 5,000, and those affected will be notified in stages next year. Advertisement On May 21, the federal and state governments reached an understanding on matters involving Petronas and Petros. According to the joint declaration, Petronas will continue its functions, activities, responsibilities and obligations entrusted to the company in Malaysia, under the Petroleum Development Act 1974 (PDA 1974) and its regulations. Any agreements and arrangements between Petronas and its subsidiaries with third parties for the purpose of liquefied natural gas (LNG) sales from upstream operations through to LNG exports to foreign parties remain unaffected. A media statement by the Prime Minister's Office following the joint declaration said all relevant federal and state laws relating to gas distribution in Sarawak are to co-exist and be respected by all parties. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia

Issues over Petros nothing to do with Petronas layoffs, says Fadillah
Issues over Petros nothing to do with Petronas layoffs, says Fadillah

Free Malaysia Today

time2 hours ago

  • Free Malaysia Today

Issues over Petros nothing to do with Petronas layoffs, says Fadillah

Deputy prime minister Fadillah Yusof said Petronas is relooking its entire operation because of the decline in crude oil prices. KUCHING : Petroliam Nasional Bhd's (Petronas) move to trim its workforce stems from global challenges and is not connected to the national oil firm's issues with Petroleum Sarawak Bhd (Petros). Deputy prime minister Fadillah Yusof said Petronas's restructuring plan is necessary amid the decline in crude oil prices. He said he plans to meet with the company to get more details of the exercise. 'That (the decline in crude oil prices) is why Petronas has to relook its entire operation. I'm planning a meeting with them to get a briefing on the matter and to ensure that the number of layoffs can be reduced, if not avoided,' he told reporters attending the Aidiladha sacrificial event at Taman Hussein Mosque here today. On June 5, Petronas president and CEO Tengku Muhammad Taufik Aziz said the national oil firm is cutting 10% of its workforce to cope with challenging operating conditions, particularly because of falling crude prices. He said the number of staff involved in the downsizing process stands at about 5,000, and those affected will be notified in stages next year. On May 21, the federal and state governments reached an understanding on matters involving Petronas and Petros. According to the joint declaration, Petronas will continue its functions, activities, responsibilities and obligations entrusted to the company in Malaysia under the Petroleum Development Act 1974 and its regulations. Any agreements and arrangements between Petronas and its subsidiaries with third parties for the purpose of liquefied natural gas sales from upstream operations through to LNG exports to foreign parties remain unaffected. A media statement by the Prime Minister's Office following the joint declaration said all relevant federal and state laws relating to gas distribution in Sarawak are to co-exist and be respected by all parties.

Petronas layoffs driven by global challenges, not Petros issue
Petronas layoffs driven by global challenges, not Petros issue

New Straits Times

time2 hours ago

  • New Straits Times

Petronas layoffs driven by global challenges, not Petros issue

KUCHING: Petroliam Nasional Bhd's (Petronas) move to trim its workforce stems from global challenges and is not connected to the national oil firm's issues with Petroleum Sarawak Bhd (Petros). Deputy Prime Minister Datuk Seri Fadillah Yusof said the restructuring process is necessary amid the decline in crude oil prices. He also plans to meet with Petronas to get more details on the restructuring process. "That is why Petronas has to relook its entire operation. I'm planning a meeting with them to get a briefing on the matter and to ensure that the number of layoffs can be reduced, if not avoided," he told reporters attending the Aidiladha sacrificial event at Taman Hussein Mosque here today. On June 5, Petronas president and chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz said the national oil firm is cutting 10 per cent of its workforce to cope with challenging operating conditions, particularly due to falling crude prices. Tengku Muhammad Taufik said the number of staff involved in the downsizing process currently stands at around 5,000, and those affected will be notified in stages next year. On May 21, the federal and state governments reached an understanding on matters involving Petronas and Petros. According to the joint declaration, Petronas will continue its functions, activities, responsibilities and obligations entrusted to the company in Malaysia, under the Petroleum Development Act 1974 (PDA 1974) and its regulations. Any agreements and arrangements between Petronas and its subsidiaries with third parties for the purpose of liquefied natural gas (LNG) sales from upstream operations through to LNG exports to foreign parties remain unaffected. A media statement by the Prime Minister's Office following the joint declaration said all relevant federal and state laws relating to gas distribution in Sarawak are to co-exist and be respected by all parties.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store