On a positive4 Jan 2026 22:48
Block Energy Georgia has recently announced two major pieces of good news: positive results from its carbon capture and storage (CCS) pilot and a non-binding farm-in offer for its significant Project III gas resources.
Positive Results from Carbon Capture Pilot
In December 2025, Block Energy reported that its Phase 1 Carbon Capture and Storage pilot project in Georgia was successful.
Permanent Storage: Post-injection analysis confirmed the rapid and permanent mineralisation of injected carbon dioxide (CO₂) within the reservoir, a higher-integrity form of storage compared to conventional methods.
High Mineralisation Rate: Between 70% and 100% of the injected CO₂ was mineralised into solid carbonates within three months.
Future Plans: These results de-risk the project and position Block Energy to pursue independent validation and certification of the storage, explore commercialisation pathways with industrial partners like Rustavi Azot, and potentially generate carbon credits.
Non-Binding Farm-in Offer for Project III
In December 2025, Block Energy received a non-binding farm-in offer from a large, unnamed energy company for its Project III gas assets.
Significant Investment: The offer includes a full carry of the Project III appraisal program and initial development carry for an early production facility, valued in total at an estimated $25 million to $30 million.
Resource Potential: Project III encompasses fields containing over 1 trillion cubic feet (Tcf) of 2C contingent gas resources, with an estimated net present value of more than $500 million.
Strategic Location: The assets are strategically located near the South Caucasus Pipeline, a key corridor for gas exports to Europe.
These developments mark significant technical and commercial milestones for the company's operations in Georgia, aiming to leverage existing infrastructure and regional energy demands.
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