Santos is bullish on demand for CCS
Santos ups Bayu-Undan CCS demand forecast
Australian oil and gas producer says MoUs with potential customers imply higher demand for storage at projects in East Timor
Australian independent oil and gas producer Santos has revised up its projection of demand for CO₂ storage at the Bayu-Undan CCS project offshore Timor-Leste after signing non-binding agreements with four potential customers. Santos, which aims to reach FID on Bayu-Undan in 2025, has signed memorandums of understanding (MoU) with upstream gas and LNG projects offshore Australia’s Northern Territory (NT) and in Darwin, and with an energy and industrial conglomerate in South Korea. “With Bayu-Undan CCS having a proposed pipeline capacity of 10mn t/yr from Darwin, these MoUs indicate demand in excess of that capacity” Gallagher, Santos Santos’ project envisages the collection of CO₂ at
Also in this section
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
