The Greenhouse Gas Storage Assessment Permit has been granted for the Bonaparte CCS Assessment joint venture between TotalEnergies (26%), INPEX (53%, Operator), and Woodside (21%), off the northwest coast of Australia to evaluate and do appraisal work on block G-7-AP, which is thought to be a good place for geological CO2 storage. Appraisal work is expected to be complete by 2023.
This project aims to complement efforts to cut down on greenhouse gas emissions from Ichthys LNG, a nearby natural gas liquefaction and export terminal with TotalEnergies (26%) as a founding partner. By enabling long-term CO2 sequestration in the area. Additionally, it fully complies with TotalEnergies’ goals to advance CCS (carbon capture and storage).
“This promising greenhouse gas storage assessment permit is fully in line with our strategy to provide more energy with lower emissions, and our ambition to achieve net zero by 2050, together with society,” said Julien Pouget, Senior Vice President, TotalEnergies Asia-Pacific E&P & Renewables. “As a partner in both the Ichthys LNG and Bonaparte CCS Assessment joint ventures, TotalEnergies is well positioned to contribute to low carbon LNG production in Australia.”