Chevron to invest A$40mn to address CO2 injection shortfall at Gorgon
Chevron Australia will invest A$40mn ($29.49mn) to address a carbon dioxide injection shortfall at its Gorgon LNG export facility in Western Australia, it said on November 11.
“The investment is part of an offsets package Chevron will implement to address a carbon dioxide injection shortfall at the Gorgon natural gas facility over the five-year period ending 17 July 2021,” the company said.
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The package will also see Chevron fulfil its regulatory obligations through the acquisition and surrender of 5.23mn greenhouse gas offsets.
“Since starting up in August 2019, the Gorgon carbon capture and storage system has safely injected approximately 5.5mn metric tons of greenhouse gas emissions and is demonstrating the importance of CCS technology in advancing a lower carbon future,” Chevron Australia managing director Mark Hatfield said.
“We take our regulatory obligations seriously. The package we have announced will see us make good on our commitment to offset the injection shortfall, and ensures we meet the expectations of the regulator, the community and those we place on ourselves as a leading energy producer in Australia,” Hatfield added.
The Chevron-operated Gorgon project is a joint venture between the Australian subsidiaries of Chevron, ExxonMobil, Shell, Osaka Gas, Tokyo Gas and Jera.