NYK and PT Pertamina International Shipping, a marine logistics subsidiary of PT Pertamina , a state-owned oil and gas company in Indonesia, signed a memorandum of understanding to collaborate in the field of liquefied carbon dioxide  and liquefied natural gas  and jointly establish a ship-management company. Pertamina President Nicke Widyawati, PIS President Yoki Firnandi, and NYK Managing Executive Officer Hironobu Watanabe attended the signing ceremony at Pertamina’s headquarters in Jakarta, Indonesia.

NYK aims to develop a strong cooperative relationship with PIS in the field of LCO₂ and LNG transportation, which is a priority for the Indonesian government and is expected to grow in the future towards a low-carbon and decarbonized society. Furthermore, by jointly establishing a ship-management company, NYK plans to contribute to stable ocean transportation and create opportunities for training and employment for seafarers in the country.

1. Agreement on LCO₂ transportation
Based on the strategic partnership agreements signed in 2022, NYK and PIS have agreed to collaborate in obtaining business opportunities through assessments and feasibility studies for the transboundary transportation of LCO₂ to and from Indonesia. The two companies aim to offer LCO₂transportation services for storage operators and CO₂ emitters like Pertamina.

2. Agreement on LNG transportation
NYK and PIS agreed to begin full-scale discussions on joint ownership of LNG carriers. Based on NYK’s more than 40 years of experience in owning and operating LNG carriers, we will work with PIS to meet the demand for LNG transport in Indonesia, where further expansion of LNG production and consumption is expected.

3. Agreement on the establishment of a ship-management company
NYK and PIS have agreed to jointly establish a ship-management company. Through this initiative, we aim to build a stronger relationship with PIS and provide advanced ship-management services to meet the expected increase in demand for ships in the country.