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Why a giant outback carbon reservoir may be key to the future of gas

Why a giant outback carbon reservoir may be key to the future of gas

There’s a lot riding on the Moomba carbon capture and storage project – if Santos can boot it up smoothly, it could unleash a wave of final investment decisions on dozens of projects.

Ben PotterSenior writer

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In barren country near the top right-hand corner of South Australia, 960 kilometres north of Adelaide between the Strzelecki Desert and Innamincka, Santos’ ambitious Moomba gasfield carbon capture and storage project is barrelling ahead.

Three-fifths built and on target for startup early next year, the $US165 million ($250 million) Moomba CCS project is the hope of the side for the controversial technology to dispel the scepticism – bordering on ridicule – drawn by Chevron’s chronic misadventures with its ambitious attempt to store carbon dioxide deep below the Indian Ocean at its giant Gorgon project.

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Ben Potter
Ben PotterSenior writerBen Potter writes on energy, climate change and innovation, and has been Washington correspondent, opinion editor and companies editor. Connect with Ben on Twitter. Email Ben at bpotter@afr.com

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Original URL: https://www.afr.com/policy/energy-and-climate/why-a-giant-outback-carbon-reservoir-may-be-key-to-the-future-of-gas-20230425-p5d37e