Project Report : Bp Energy Outlook

Decent Essays

CHAPTER I: INTRODUCTION According to BP Energy Outlook, by 2035 overall energy production in Asia pacific will increase by 52% while energy consumption increase by 60% which cause net energy import rise by 88%. With the escalating environmental issue and slow development of renewable energy, development of gas fields in the region is important. However, this will be challenging as many of the fields in the region are associated with high content of CO2 (15% - 80%). The FIGURE shows the location of the fields (Burgers, et al. 2011). Among them, there are East Natuna Field (40 TCF methane; 71% CO2), K5 Field (13.2 TCF; 70% CO2), and Kuala Langsa (10 TCF; 80% CO2). At present time, development of those fields becomes the priority of Indonesia’s and Malaysia’s governments to meet the forthcoming increase of domestic gas demand (FIGURE) and maintain their export to the regional market especially China, Japan, and South Korea. FIGURE shows the projection of regional gas demand and FIGURE shows LNG export destination from both countries. FIGURE Location of Some Gas Field With High CO2 Content in Indonesia and Malaysia FIGURE Gas Production and The Projection of Domestic Gas Demand in Indonesia (Left) and Malaysia (Right) (data combined from: Eria 2012 and BP Statistics 2015) FIGURE Projection of East Asia Region Gas Demand (Data: Eria, 2012) FIGURE LNG Export Destination of Indonesia (Left) and Malaysia (Right) (Data: BP Statistics) Pertamina and Petronas,

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