Australian energy company Santos recently signed four memoranda of understanding (MOUs) to help capture and store the carbon emissions of several companies.
The carbon storage will take place at Santos’ Bayu-Undan CCS project, a gas condensate field in the Timor Sea located 500 km offshore Darwin, Australia. The soon-to-be depleted field is currently being developed by Santos’ engineers as a CO2 repository.
The MOUs prove that there is a strong demand in the region for CO2 storage that could eventually result in this being the largest carbon capture project in the world, exceeding 10 million tonnes per annum (Mtpa).
Santos chief executive Kevin Gallagher said, “Following the suspension of operations phase, the Bayu-Undan facility would be in a state ready to transition to a CCS project if that is what our joint venture partners and the government of Timor-Leste support.”
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