Carbon Capture and Storage (CCS) and Carbon Capture Utilization and Storage (CCUS)– new Presidential regulation 14/2024 and SKK Migas regulation PTK-070

In early 2024, the Indonesian government issued a more comprehensive framework on the Organization of Carbon Capture and Storage Activities (PR 14/2024) which came into force on 30 January 2024.

PR 14/2024 covers 12 areas, such as:

• Implementation of CCS activities based on cooperation contracts;
• Carbon Storage Permit Areas and the tendering process for awarding such areas;
• CO2 exploration, storage and transport stages;
• Closure of CCS activities;
• CO2 storage capacity for domestic needs;
• Ownership of CCS assets;
• Cross-border transportation of CO2;
• Business schemes for CCS activities;
• Incentives available for CCS projects;
• MRV;
• Environmental and safety requirements; and
• Sanctions.

see detail here —PERPRES No. 14 Tahun 2024 (bpk.go.id)