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The approval will allow Santos to resume drilling at the Barossa field in the Timor Sea, which it had to suspend last year after a successful legal challenge by a Tiwi Islander.
CEO Meg O’Neill says two of its own carbon capture projects in Australia would be developed faster if incentives were offered like in the US.
Two of the most critical pieces of equipment, worth about $20.02 million, for Santos’ Moomba carbon capture and storage (CCS) project are making their way to site after arriving in South Australia last week.
Two of the most critical pieces of equipment, worth about AU$30 million, for Santos’ Moomba carbon capture and (CCS) project are making their way to site after arriving in South Australia last week. The imminent arrival in Moomba of the compressor and turbine follows the project recently marking the 60 per cent completion milestone, with first injection on track for 2024.
Carbon capture has effectively become mandatory for all new gas-for-LNG projects while heavy industry will also need to find ways to cut emissions.