SANTOS AND APA SIGN MOU TO COLLABORATE ON TRANSFORMING MOOMBA INTO AN INTERNATIONAL DECARBONISATION HUB

Santos will work with leading energy infrastructure business APA Group through a Memorandum of Understanding (MOU) to collaborate on the potential development of CO2 infrastructure throughout eastern Australia.

The collaboration will include an assessment of carbon capture and storage (CCS) pipeline transport routes from key emission sources in Gladstone, Port Bonython and Greater Sydney to the Moomba CCS facility in the Cooper Basin. These opportunities are subject to necessary internal and external approvals and a longer-form project agreement being negotiated and finalised by the parties.

The Moomba CCS project is the most advanced of Santos’s three planned CCS hubs in Australia, with the potential for Phase 1 to store up to 1.7 million tonnes of CO2 per year. This is an annual volume equivalent to more than a quarter of the emissions reduction achieved in Australia’s electricity sector over the full year to March 2023.

Actual volumes stored at Moomba CCS will depend on gas production levels in the Cooper Basin which in turn will determine the volume of CO2 available for storage. The first injection is on track to commence in 2024.