Australian Government Approves Landmark Offshore CCS Storage Site for Bonaparte Project
- Reports
- 3
- Developments
- 2
- Repetition
- 33%
New informationRepeats or wire copies
What happened
The Australian Government declared an identified greenhouse gas storage formation for the Bonaparte Carbon Capture and Storage (CCS) Project, marking the first such declaration for an offshore saline aquifer storage site in Australia. The Bonaparte CCS Joint Venture, which includes Inpex, Woodside Energy, and TotalEnergies CCS Australia, welcomed the approval. This project, which has Major Project Status from 2025, targets CO2 injection for the early 2030s.
From energy-pedia.com
Why it matters
The declaration establishes the technical viability of the potential storage site, advancing the project's development pathway. The Ichthys Joint Venture is expected to be the anchor customer, with the Bonaparte CCS Project having the potential to reduce CO2 emissions from Ichthys LNG by around 40%.
Japan is linked to energy security in the Indo-Pacific, leveraging close energy supply partnerships with Australia. This strategic pivot involves major companies like ENEOS, Itochu, and Inpex, with policy influenced by groups like AGS.
From energy-pedia.com
Who's involved
- InpexOperates 53 percent of the Bonaparte CCS Joint Venture
- Australian GovernmentDeclared the identified greenhouse gas storage formation for the project
- Woodside EnergyHolds a 21 percent stake in the Bonaparte CCS Joint Venture
- TotalEnergiesOperates TotalEnergies CCS Australia, a partner in the joint venture
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Woodside EnergySpeculative
Woodside Energy could benefit directly from the regulatory milestone for the CCS project as a joint venture partner.
How it developed
Newest first. Tap a step to see who reported it.INPEX is acquiring Woodside's stake in the Australian CCS project.1 source
Inpex, Australian Government, and Woodside Energy announced a new joint venture.1 source
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The entities involved
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Inpex
oil/gas exploration company
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Australian Government
federal government of Australia
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Woodside Energy
Australian petroleum exploration and production company