Page 5 - AsiaElec Week 46 2021

AsiaElec COMMENTARY AsiaElec

Review as saying this week. “This shows very capture emissions from their liquefaction plants.
clearly that CCS cannot be relied upon as a tech- Among these is QatarEnergy – formerly Qatar
nology to allow fossil fuel production to con- Petroleum – which is currently building its
tinue and increase,” he added. North Field East (NFE) expansion. NFE will be
Nonetheless, CCS is seen as a critical technol- the world’s largest gas liquefaction project, and
ogy for decarbonisation both in Australia and will include a CCS facility that will also be the
globally. Indeed, this week the Australian fed- largest of its kind in the LNG industry.
eral government released the modelling behind Separately, US-based Venture Global LNG
its recently adopted target of net zero GHG recently unveiled plans to build CCS capacity to
emissions by 2050. CCS appears set to play a sig- capture emissions from its newly built Calcasieu
nificant role, with 40% of emissions reductions Pass export terminal, as well as the proposed
expected to be contributed by the government’s Plaquemines LNG facility. The project would be
Technology Investment Roadmap. Investments the first CCS facility of its kind in the US, built
due to be made under this roadmap include to support existing LNG capacity. Other CCS
those into low-emissions technologies such as proposals have also been put forward in sup-
hydrogen, solar energy, low-emissions steel, port of liquefaction projects that have yet to be
low-emissions aluminium and CCS. sanctioned.
Globally, more and more countries are Chevron’s experience at Gorgon serves as
also targeting net zero emissions by 2050, and a warning of the challenges that may lie ahead
the International Energy Agency (EIA) has for these developments and others that may
described CCS as a critical process for emissions emerge. However, this does not yet appear to
cuts. have deterred LNG exporters, which are seeking
And despite the Gorgon CCS project’s chal- a way to continue producing the super-chilled
lenges to date, other LNG project developers fuel while still supporting the energy transition,
are also planning to build new CCS capacity to especially in the face of rising gas demand..™

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