Insight
Malaysia offers Asia’s first CCS incentives
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Malaysia has proposed new CCS incentives in its 2023 Budget, initially for upstream projects, that provide the first concrete incentives in Asia for the carbon storage sector. The fiscal incentives are in the form of tax allowances for CCS capex spent, follow a similar format to those offered for capital-intensive projects and are slightly more generous. These incentives are urgently needed domestically to help develop Malaysia’s vast resources of high CO2 gas. We test the proposed incentives on PTTEP’s flagship Lang Lebah project.
Table of contents
- What’s happened?
- Malaysia’s essential CCS journey
- Potential impact of the new CCS tax incentives
- Will a carbon tax help?
- Conclusion
Tables and charts
This report includes the following images and tables:
- Malaysia undeveloped gas with CO2 contents between 8%-50% by field
- Malaysia undeveloped gas with CO2 contents between 8%-50% by commerciality
- Chart: Pre-FID CCS projects in APAC by country and project status
- Chart: Impact of the planned CCS investment incentive on Lang Lebah development
What's included
This report contains:
Other reports you may be interested in
Asset Report
PETRONAS FLNG 2 - commercial overview
The SB H block in deepwater Sabah contains four gas fields that will be developed as part of the first phase of a Floating LNG (FLNG) ...
$2,700
Asset Report
K5
K5 is a reservoir with a massive 21-tcf gas-initially-in-place. It was discovered in 1970, but it has a high CO2 content of up to 70%. ...
$3,720
Asset Report
Mukah aluminium smelter
A detailed analysis of the Mukah aluminium smelter.
$2,250
