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.
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.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Energy & climate
Fetching latest articles