Japan snippet22 Oct 2023 09:45
A Japanese government source told S&P Global Commodity Insights that, in a three-page long questionnaire sent to the Australian government in early June, Tokyo had sought clarity over the availability of Australian Carbon Credit Units (ACCUs) and Australia's readiness for a CCS project over two jurisdictions.
Tokyo is also seeking an exemption for the Barossa gas project operated by Santos, in which Japan's JERA has a 12.5% stake.
The project, which has already taken a FID, plans to capture CO2 emissions and ship them to the Bayu-Undan oil and gas field in the Timor Sea for storage, requiring the governments of Australia and East Timor to adjust legal frameworks under the London Protocol on transboundary CO2 transfers.
Amid a lack of clarity over the legal frameworks, the Barrosa gas project would likely see delays in starting up its CCS project, meaning the project partners would end up having to purchase ACCUs, the source said.
Located off Australia's Northern Territory, the Barossa project will link to the Darwin LNG terminal by pipeline and is expected to start production around 2025, with CCS starting up from around 2027 and reaching fully-fledged CCS around 2030, the source said.
If they are still talking Barossa and Darwin, Santos still looking for that new HUB location, can not go direct
from Barossa or close to the Tiwi Islands (map the large Islands lump above Darwin) , would have to from
further West say parallel with its currently idle (being converted for Carbon waste storage) Darwin-Bayu line.
Barossa was planned to produce with nearby ENI Evans Shoal, in the pipeline duplication project. Santos/ENI
and the Korean's have JV's in place, making that new HUB likely.......
Santos Area R - wider bayu region
ENI Area P - The gap that links Sunrise and Chuditch licences
Chuditch itself, likely in their thoughts ?
Could build HUB at Chuditch - pipe across Barossa/Evans Shoal , while also developing Chuditch for FFD
to follow them ? 🤔
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