Page 6 - AsianOil Week 46
P. 6

AsianOil                                      ASIA-PACIFIC                                           AsianOil








                         the most environmentally friendly projects of   In announcing the government’s technology
                         their kind. Neither NextDecade’s Rio Grande  roadmap, Australian Energy Minister Angus
                         LNG nor G2 Net-Zero LNG’s proposed facility  Taylor said AUD18bn ($13.18bn) of funding had
                         have yet reached the FID stage, however. Indeed,  been earmarked for a portfolio of low-emissions
                         NextDecade has suggested Rio Grande could  technologies that included “clean” hydrogen.
                         reach FID in 2021 if it secures enough offtake   Taylor has now urged the local industry to
                         agreements. G2 Net-Zero LNG, meanwhile, only  step up its efforts to integrate CCS into their blue
                         proposed its LNG terminal – a cleaner redesign  hydrogen projects in order to deliver on Canber-
                         of a previous plan – earlier this year and still has  ra’s export-orientated goals.
                         some way to go until the facility can be built.  The minister was reportedly preparing to
                           Overall, there are around 30 CCS projects  deliver a speech to the Australian Hydrogen
                         under development in the US, according to the  Conference this week in which he was to urge
                         Houston Chronicle. Almost a dozen of these are  industry to work hand in hand with government
                         being planned along the Gulf Coast, with Louisi-  in order to attract AUD70bn ($51.26bn) worth
                         ana increasingly keen to position itself as a CO2  of investment over the next decade.
                         storage hub. Similar geography exists in Texas,   “Clean hydrogen has enormous potential to
                         which would also have extensive aquifers and  be an important part of the shift to lower emis-
                         depleted oilfields that could potentially be used  sions,” local daily the Sydney Morning Herald
                         for storing CO2. But Texas – the largest CO2  quoted Taylor’s planned speech as stating on
                         emitter in the US – has not yet shown the same  November 15.
                         state-level enthusiasm as Louisiana to proceed   His reported comments come just weeks after
                         with wide-scale CCS development.     Santos revealed that the country was one step
                                                              closer to its first commercial CCS project. The
                         Australia                            company said on October 22 that it intended to
                         When the Australian government unveiled  take an FID on its Moomba CCS project by the
                         its ambitions in late September for a hydrogen  end of the year.
                         industry that would feed both domestic and for-  The company said it had successfully pumped
                         eign demand, Canberra also highlighted CCS’  around 100 tonnes of CO2 into the depleted
                         potential in decarbonising the industry.  Strzelecki gas field in the Cooper Basin as part
                           The process would allow the country’s exten-  of the project’s final field trial. Once on stream,
                         sive natural gas industry to begin transitioning  the 1.7mn tpy project promises to be one of the
                         into the production of carbon neutral, or “clean”,  world’s cheapest CCS sites.
                         blue hydrogen. This could be sold overseas or   Santos managing director and CEO Kevin Gal-
                         blended in domestic gas pipeline networks, with  lagher said the FID hinged on the Clean Energy
                         some industry observers suggesting that current  Regulator issuing an approved methodology for
                         renewable gas blends of up to 10% could rise to  CCS, because carbon credits were essential to mak-
                         100% hydrogen by 2050.               ing the project “stack up economically”.





































       P6                                       www. NEWSBASE .com                      Week 46   19•November•2020
   1   2   3   4   5   6   7   8   9   10   11