LNG firm’s CCS funds
Feb 26 (LNGJ) - Santos, the Australian and Papua New Guinea LNG plant shareholder and operator, has secured finance for the company’s share of the US$220 million Moomba carbon-capture and storage (CCS) project in South Australia. The facilities, arranged over five years and totalling US$150M, will be used to cover project costs incurred to date and to use as the project progresses to the first carbon injection targeted for mid-2024.
Santos said the willingness of banks to fund energy transition projects at very competitive rates indicated their recognition of CCS as a vital tool to control carbon. “The strong support Santos has received is underpinned by the progress we are making focused on reducing our own emissions and those of our customers, as well as on developing low-carbon fuels as customer demand evolves,” said Santos Chief Executive Kevin Gallagher.
Australian APPEA conference hears about world-leading carbon capture plan amid attack on anti-gas policies
Santos Chief Executive Kevin Gallagher told the Australian Petroleum Production and Exploration Association conference in Adelaide that Australia would soon be taking emissions from natural gas production and heavy industries as a world leader in carbon management services.
Australian LNG operator Santos reports record revenues and expects better in 2022 with Oil Search merged
Australian LNG operator Santos reported that stronger prices and higher sales volumes delivered a 34 percent increase in quarterly sales revenue to a record US$1.5 billion and even better was expected in 2022 with completed Oil Search merger.
