Santos CCS accords
May 3 (LNGJ) - Australian LNG operator Santos has signed four memoranda of understanding for the proposed storage of carbon-dioxide emissions from third parties to underpin the initial development of the Bayu-Undan carbon capture and storage (CCS) project in the Timor Sea, where front-end engineering design work is nearing completion.
Santos said the accords for CO2 supply to Bayu-Undan CCS were signed by upstream gas and LNG projects offshore the Northern Territory and in Darwin and an energy and industrial group in Korea. “Bayu-Undan CCS has the potential to reduce the emissions and emissions intensity of Australian gas and LNG projects, as well as of other industries in the Northern Territory, by providing safe and permanent storage in depleted gas reservoirs that previously held gas and condensate in place for tens of millions of years,” Santos explained.
