Page 12 - AsiaElec Week 37 2022

AsiaElec CCUS AsiaElec

Australia awards permits

for evaluation of CCS

opportunities

AUSTRALIA THE Australian government has awarded per- industries such as LNG, refining, petrochem-
mits for companies to undertake evaluation and icals, power, steel and cement,” said Chevron’s
appraisal work for the potential storage of carbon vice president of CCUS, Chris Powers. “These
dioxide (CO2) in the country’s waters. and other ventures also have the potential to
On September 5, Santos announced that help generate higher returns and lower the car-
it had been awarded permits G-9-AP and bon intensity of our own operations.”
G-11-AP to pursue carbon capture and storage Santos, for its part, noted that it was working
(CCS) opportunities in the Carnarvon and Bon- towards developing a three-hub CCS strategy
aparte basins, offshore Western Australia, along- that spans its operational footprint in Australia
side its joint venture partners. and Timor-Leste.
Then, on September 9, Chevron said it was “In the Carnarvon Basin, the permit creates
also participating in those two permits, as well potential new acreage for CCS beyond our Rein-
as G-10-AP, in which it partners with Woodside deer fields. This is particularly significant as our
Energy, BP, Shell and Japan Australia LNG, plans for a WA CCS hub at Reindeer and Devil
which is a joint venture between Mitsubishi and Creek develop,” stated Santos’ managing director
Mitsui & Co. and CEO, Kevin Gallagher. “The other permit is
Both Santos and Chevron have talked up significant in size, covering more than 26,000
the potential of CCS to help with the decarbon- square km in the Bonaparte Basin. Its proximity
isation of their projects, and of Australia more to our Bayu-Undan CCS project, which has the
broadly. potential to be one of the largest CCS projects
“Under almost every scenario, CCUS is in the world, is important as we look to build
expected to be essential for meeting the net- our Northern Australia and Timor-Leste CCS
zero ambitions of the Paris Agreement and is hub.”™
poised to play a crucial role in reducing carbon
emissions in hard-to-abate, energy-intensive

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