Page 5 - AsiaElec Week 22 2022
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AsiaElec COMMENTARY AsiaElec
still emitted, even though they are subsequently performance of this technology will continue to
managed. be in the spotlight. If the CCS projects that come
Performance issues at existing CCS projects online later this decade also struggle with per-
have also resulted in questions being raised over formance, opposition to the technology could
how much of a contributor the technology can grow and calls to restrict oil and gas production
be to decarbonisation. Chevron’s CCS project instead could intensify.
at the Gorgon LNG terminal in Western Aus- This too creates additional uncertainty for
tralia has been in the spotlight in particular, with Australia’s oil and gas producers, especially in
it recently emerging that the facility continued the longer term. In the shorter term, Australia’s
to operate at roughly half its designed capacity gas producers in particular want to ramp up out-
(See AsianOil Week 20). Chevron has said that it put to help meet growing demand for non-Rus-
does not currently have a timeline for when the sian gas in the wake of the war in Ukraine. And
CCS project might reach full capacity and that with Labor not opposed to new projects coming
it is still learning how to optimise the facility’s online, this can be achieved provided new pro-
performance. jects clear regulatory and permitting hurdles.
CCS elsewhere projects may not run into the In the longer term, though, Australia’s oil and
same challenges as Gorgon, but with other Aus- gas industry will be conscious of looming adjust-
tralian companies proposing to develop carbon ments to emissions reduction targets and what
capture facilities alongside LNG terminals, the impact they could have on operations.
Week 22 01•June•2022 www. NEWSBASE .com P5
