Chevron could consider further geothermal investments in Indonesia if it would be easier

In a recent article in the Wall Street Journal, George Kirkland, Chevron’s executive vice president for upstream and gas, talks about that “Asian governments need to act more aggressively to boost energy security, including making it easier to develop untapped gas deposits and alternative energies to prevent future shortfalls of supply.”

“Countries throughout the Asia-Pacific “have discussed strategies, policy frameworks and best practices for 10 years,” he said, at a meeting at the annual Asia-Pacific Economic Cooperation conference in Singapore. “Now is the time to take action”

“Mr. Kirkland stressed the role that alternative energies could play in meeting Asia’s rising energy demand and easing concerns about global warming but added that officials need to do more to promote such energies. He said Chevron would consider further investments in geothermal energy, for instance, if it became easier to access suitable land in Indonesia or elsewhere to develop new projects.

Although geothermal energy will likely remain a small part of the world’s energy picture, “it’s a good business” without a lot of competition, he said. “I don’t know if it could be a huge part” of meeting Asia’s energy demand “but it can be a part,” he said, adding “we need all kinds of energy.”

For the full article see link below. Details about Chevron´s activities in Indonesia.

Source: Wall Street Journal