Page 11 - AsianOil Week 45 2021
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AsianOil                                        OCEANIA                                             AsianOil










































                         offset package. No further details were provided  Technology Investment Roadmap. Investments
                         on what these projects would be or where in the  due to be made under this roadmap include
                         state they would be located.         those into low-emissions technologies such as
                           “We look forward to further discussions with  hydrogen, solar energy, low-emissions steel,
                         the Western Australian Government to develop  low-emissions aluminium and CCS.
                         lower-carbon projects and unlock emissions   Globally, more and more countries are
                         reduction potential across the state,” said Chev-  also targeting net zero emissions by 2050, and
                         ron Australia’s managing director, Mark Hat-  the International Energy Agency (EIA) has
                         field, in a statement.               described CCS as a critical process for emissions
                                                              cuts.
                         Test case                              And despite the Gorgon CCS project’s chal-
                         Gorgon is seen as a test case for the deploy-  lenges to date, other LNG project developers
                         ment of CCS, especially at major fossil fuel-  are also planning to build new CCS capacity to
                         based projects. Chevron is working to bring  capture emissions from their liquefaction plants.
                         the facility to its full capacity, and has cap-  Among these is QatarEnergy – formerly Qatar
                         tured an additional 500,000 tonnes of CO2e  Petroleum – which is currently building its
                         since July, but critics continue to question the  North Field East (NFE) expansion. NFE will be
                         technology’s effectiveness in the context of the  the world’s largest gas liquefaction project, and
                         energy transition.                   will include a CCS facility that will also be the
                           “When you consider indirect (Scope 3) pol-  largest of its kind in the LNG industry.
                         lution from burning the gas produced by Gor-  Separately, US-based Venture Global LNG
                         gon, the CCS technology would have reduced  recently unveiled plans to build CCS capacity to
                         overall pollution from Gorgon by less than 2%,”  capture emissions from its newly built Calcasieu
                         the Conservation Council of Western Australia’s  Pass export terminal, as well as the proposed
                         (CCWA) policy and legal director, Piers Ver-  Plaquemines LNG facility. The project would be
                         stegen, was quoted by the Australian Financial  the first CCS facility of its kind in the US, built
                         Review as saying this week. “This shows very  to support existing LNG capacity. Other CCS
                         clearly that CCS cannot be relied upon as a tech-  proposals have also been put forward in sup-
                         nology to allow fossil fuel production to con-  port of liquefaction projects that have yet to be
                         tinue and increase,” he added.       sanctioned.
                           Nonetheless, CCS is seen as a critical technol-  Chevron’s experience at Gorgon serves as
                         ogy for decarbonisation both in Australia and  a warning of the challenges that may lie ahead
                         globally. Indeed, this week the Australian fed-  for these developments and others that may
                         eral government released the modelling behind  emerge. However, this does not yet appear to
                         its recently adopted target of net zero GHG  have deterred LNG exporters, which are seeking
                         emissions by 2050. CCS appears set to play a sig-  a way to continue producing the super-chilled
                         nificant role, with 40% of emissions reductions  fuel while still supporting the energy transition,
                         expected to be contributed by the government’s  especially in the face of rising gas demand.™



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