September 15, 2021

Brunei Shell Petroleum Co. Sdn Bhd (BSP), Brunei LNG Sdn. Bhd. (Brunei LNG) and Brunei Gas Carriers
Sdn Bhd (BGC) are proud to co-hosts the 2021 edition of ASEAN Energy Business Forum (AEBF). The AEBF is jointly
organized by the Ministry of Energy of Brunei Darussalam, the Petroleum Authority of Brunei Darussalam, ASEAN
Centre for Energy (ACE) and DMG events. AEBF 2021 is conducted virtually from 14th – 16th September 2021 in
conjunction with the 39th ASEAN Ministers on Energy Meeting (AMEM).

As the world shifts towards a low carbon economy, BSP, Brunei LNG and BGC are moving in step with
local and international society in order to sustain their significant contribution to the Brunei economy. As co-hosts
of the ASEAN Energy Business Forum, BSP, Brunei LNG and BGC are honoured to work in collaboration with the
ASEAN Community, in carving the path to energy security, universal access and transition to a low carbon future.
The forum is an excellent platform where governments, the energy industry, academia and international
organizations can contribute to impactful discussions around the Energy Transition.

BSP Thriving Through Its Energy Transition and Decarbonisation Journey
Brunei Shell Petroleum Co. Sdn. Bhd. (BSP) has been in Brunei for more than 90 years and is determined
to remain competitive in this ever-changing world. BSP intends to adapt, innovate and play its part in the global
drive to provide sustainable energy solutions. BSP believes that hydrocarbons will continue to be part of the energy
mix, and together with renewables, a key part of its strategy is to find business value and thrive through our energy
transition and decarbonisation journey.

BSP is focused on responsibly minimising its impact on the environment and reducing its overall carbon
footprint through operational energy efficiency and digitalization projects. The company is also working towards
increasing renewable energy uptake within its operational and non-operational assets. Brunei’s second solar plant
– BSP’s flagship 3.3MWp utility scale solar PV plant, with over 7,000 solar panels installed, is an example of BSP’s
aspiration to pursue energy diversification and decarbonisation. Launched in April this year, the solar power
generated is equivalent to the electricity consumption of approximately 600 households per year and will offset
power used by the BSP Head Office. On a national level, the power generated contributes towards Brunei’s target
of producing 100MWp renewable energy by 2025.

BSP, Brunei LNG and BGC are also committed to be a trusted partner with the Government of Brunei as the
country progresses towards a low carbon and climate resilient nation. BSP and Brunei LNG continue to actively
support the Brunei Climate Change Secretariat (BCCS) in delivering the key strategies of the Brunei National Climate
Change Policy (BNCCP).

An Energy Transition team was established to spearhead Brunei Shell Joint Venture (BSJV) support to
Brunei’s decarbonisation journey. The team acts as a conduit to the BCCS and aims to be the center of excellence
for low carbon solutions within BSJV.

Brunei LNG: A Key Partner in Energy Transition in Brunei, Asia and Globally
As the longest running LNG Plant in the world, Brunei LNG is continuously transforming the way it operates
as a business – aside from reducing its greenhouse gas (GHG) emissions, Brunei LNG is also making its Plant more
energy efficient and integrating sustainability with its business strategy. Brunei LNG’s strategy is to avoid and reduce
emissions as much as possible and to protect and compensate the environment for emissions that cannot be further
avoided and reduced.

Brunei LNG recognises the essential role that it plays as an energy supplier in the drive towards a sustainable
future. Natural gas is the cleanest of all fossil fuels making it a natural partner for renewables, especially in
compensating for dips in solar or wind power generation. In the next 20 years alone, Asia is expected to absorb
over 75% of growth in LNG demand, and with rising pressure to tackle climate change, LNG is a key player as the
demand for low carbon fuel intensifies.

As a pioneer in the LNG industry, Brunei LNG has an obligation to continuously improve its sustainability
initiatives across the business to continue meeting customers’ demand for cleaner energy, keeping in pace with
society’s ambition to tackle climate change. Brunei LNG has already taken steps to improve its operations efficiency
by maximising heat from its neighboring power generation plant for steam generation in a bid to reduce its
greenhouse gas (GHG) intensity. Brunei LNG aims to shift 10% of its power generation source from fuel gas to
renewable energy by 2025 as part of its initiative to become a more sustainable business. In addition, the company
has been championing restoration of the Badas peatland as part of its effort in protecting the environment to reduce
recurrence of forest fires in the area, as well as create an effective carbon sink for Brunei Darussalam.

BGC: Embracing Sustainable Technologies for a Greener Future in Maritime
With the evolution of LNG shipping technologies and in recognition that carbon management is essential
to counter the climate change implications of the world’s increasing energy use, Brunei Gas Carriers Sdn Bhd (BGC) 

continues to implement ways to improve its carbon emissions and reduce impact on the environment. This involves
adopting more energy-efficient practices and technologies that would make BGC’s future fleets more
environmentally sustainable.

What is clear is that change is needed; to be carbon friendly and take action. Four of BGC’s ships have
Dual Fuel Diesel Electric Engines (DFDE) that are at least 30% more efficient than our previous steam ships. Our
compliance to fuel sulphur cap regulations have also helped to further reduce carbon emissions. BGC acknowledges
that it can play a part and will continue to look for ways to reduce its own operational impact through energy
efficiency, equipment specification, and more. Knowing that there still remain uncertainties in the future of shipping
technologies, BGC is also considering the use of bridging technologies and fuel flexibility in order to facilitate the
transition from traditional fuels.

Together towards a low carbon future
The speed of the transition to a low carbon future will depend on actions taken by governments to put in
place the broad range of policies necessary to drive and accelerate change across the global economy. BSP, Brunei
LNG and BGC are proud to participate in the energy transition debate and contribute to the design and application
of the policies that support society towards the decarbonisation pathways.
During the AEBF, key representatives from BSP, Brunei LNG and BGC will be speaking in different events
throughout the period – learning from and sharing best practices, discussing and establishing collaborative
pathways to achieve Brunei’s and ASEAN’s energy priorities.