Page 4 - GLNG Week 23 2022

GLNG COMMENTARY GLNG

US carbon capture

projects advance

COMMMENTARY CARBON capture and storage (CCS) develop- Cameron LNG project on development of a CCS
ment is picking up pace, in the US and globally. facility for capturing emissions from the termi-
The technology, also known as carbon capture, nal. The agreement forms the basis for the com-
utilisation and storage (CCUS), has been around panies to enter into a joint venture with Sempra
for some time and was historically more likely to for the project, which is known as Hackberry
be used for enhanced oil recovery (EOR). Now, Carbon Sequestration (HCS) and would capture
though, it is beginning to emerge as a major emissions both from the existing Cameron LNG
component of decarbonisation plans, both on plant and its planned expansion.
the national level and on that of individual oil The plan also illustrates another trend – that
and gas companies. of LNG developers pursuing CCS alongside
For the energy industry, CCS represents their import terminals. Other LNG producers
an opportunity continue producing oil and on the US Gulf Coast are also seeking to add
gas while reducing emissions. The technology CCS capacity to existing liquefaction facilities,
has come under fire from critics, though, who while several proposed LNG projects that have
have cited underperformance of certain exist- yet to reach the final investment decision (FID)
ing projects, among other factors, as reasons to stage also have plans to use CCS for addressing
be sceptical over its decarbonisation potential. their emissions.
Nonetheless, with oil and gas unlikely to be fully The Gulf Coast is also the location of other
replaced by renewables and other cleaner forms planned CCS developments that would see the
of energy anytime soon, CCS will remain a key region become a major carbon capture hub.
piece of the puzzle when it comes to balancing Talos Energy has been a major player in this Gulf
demand with decarbonisation. Coast push, with stakes in four planned CCS
The US is by far the leader in both existing projects, including one planned for the Freeport
and proposed CCS projects globally, and recent LNG facility in Texas.
weeks illustrate that momentum is building Last week, Talos finalised an expanded joint
as more and more companies join the push to venture to develop the Bayou Bend CCS project
develop carbon capture capacity. offshore Texas, with Chevron entering the exist-
ing partnership that also includes Carbonvert.
CCS push Under the agreement, Chevron has taken a 50%
Among the recent CCS-related announcements stake in the project, leaving Talos and Carbon-
coming out of the US is Sempra Infrastructure’s vert with 25% interests each.
participation agreement with its partners in the Indeed, this also represents part of a bigger

P4 www. NEWSBASE .com Week 23 10•June•2022