This analysis delves into Santos' proposal to convert the near-depleted Bayu-Undan gas field into the world’s largest carbon capture and storage (CCS) facility. The report critically examines the technical, financial, legal, and environmental risks associated with the project. It highlights concerns about the feasibility of long-distance CO2 transportation, storage capacity, and potential leakage risks. The analysis also raises questions about the project's ability to meet Santos' carbon reduction claims, given the history of underperformance of similar CCS projects globally. Additionally, the report addresses regulatory challenges involving Australia and Timor-Leste, emphasizing the lack of transparency regarding project costs and timelines. The overall conclusion warns that Bayu-Undan might delay necessary decommissioning of aging infrastructure while doing little to reduce overall emissions.
Authors
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- United States of America
