BP deal boosts Santos’ CCS ambitions
Santos’ Moomba project will not suffer from the high abatement costs that are the largest obstacle to CCS adoption
Santos’ plans to develop one of the world’s largest and cheapest carbon capture and storage (CCS) sites were boosted on 4 March when BP provisionally agreed to invest in the Australian independent gas producer’s first venture into CCS. The agreement commits the UK major to investing A$20mn ($13mn) in Santos’ CCS project at its Moomba plant in northern South Australia, subject to a successful FID by the end of 2020. The project, which took Feed last year and targets 1.7mn t/yr of CO2 capture, is located within the Cooper basin, a 130,000km² Permian-Triassic sedimentary basin that Santos says will eventually have a reinjection capacity of 20mn t/yr for 50 years. Moomba would benefit from low a

Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30