This newly published project profile examines the Moomba CCS Project, a large-scale carbon capture and storage (CCS) project in South Australia’s Cooper Basin.
Operated by Santos in partnership with Beach Energy, the project captures CO₂ associated with natural gas processing. Initially developed to store CO₂ from joint venture operations, Moomba has the potential to expand into a regional CO₂ storage hub serving third-party emitters.
The project profile provides readers with:
- Business Case and Policy Context – Including the broader policy and regulatory framework for the project, its role within the strategies of Santos and Beach Energy, and its alignment with Australia’s Safeguard Mechanism.
- Commercial and Financial Metrics – Including details on capital expenditure and estimated CO₂ storage costs of the Moomba CCS Project.
- Strategic Significance – Including how the project generates Australian Carbon Credit Units (ACCUs) under Australia’s CCS Methodology and the role credit generation plays in the commercial model for carbon storage.
