Australia’s Santos commissions Moomba CCS facility

Spanish Market: Condensate, Crude oil, Emissions, Natural gas
18/10/24

Australia's Santos has commissioned its 1.7mn t/yr Moomba carbon capture and storage (CCS) project in the onshore Cooper basin of South Australia state. The Australian carbon credit unit-generating project is running at full injection rates of up to 84mn ft³/d (865mn m³/yr) of CO2 with all five wells on line, Santos said, adding that the full 1.7mn t/yr capacity would depend on Cooper basin gas production. The CCS will be Australia's second largest by nameplate capacity after Chevron's controversial 4mn t/yr Gorgon CCS on Barrow Island, which has been criticised for failing to reach its sequestration goals because of problems with pressure management.

Santos results
	Jul-Sep '24	Apr-Jun '24	Jul-Sep '23	y-o-y % ±	q-o-q % ±

Volumes ('000 t)
GLNG (100pc)	1,300	1,338	1,370	-5	-3
Darwin LNG (100pc)	0	0	42	-100	-100
PNG LNG (100pc)	1,938	2,001	2,111	-8	-3
Santos' equity share of LNG sales	1,148	1,264	1,300	-12	-9
Financial
LNG sales revenue ($mn)	766	762	821	-7	1
Total sales revenue ($mn)	1,269	1,313	1,436	-12	-3
LNG average realised price ($/mn Btu)	12.69	11.47	12.02	6	11
Oil price ($/bl)	83.24	89.48	89.97	-7	-7
Source: Santos

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25/04/25

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