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Statement Regarding the Australian Government’s Low Emissions Technology Development Fund Support
November 23, 2006
PERTH, Western Australia, 23 November 2006 -- The Gorgon Joint Venturers have welcomed the Australian Government’s $60 million offer of support for their efforts to reduce greenhouse gas emissions for the proposed Gorgon Project.
Greater Gorgon Area General Manager Colin Beckett said the Gorgon Project had reduced its projected greenhouse gas emissions intensity by 70 percent since 1998 - making it one of the most greenhouse gas efficient LNG proposals in the world.
Mr Beckett said that along with improvements in project design, a major contributor to this efficiency is the proposal to inject carbon dioxide (CO2) removed from the natural gas into underground rock formations deep below Barrow Island.
CO2 is routinely removed from natural gas during gas processing and is traditionally vented to the atmosphere. The Gorgon Joint Venturers are proposing that rather than vent this CO2, it is to be safely and permanently injected into a geological structure approximately 2,500m below Barrow Island.
Mr Beckett said the Project has invested about AUD$100 million on designing, researching and evaluating the CO2 injection project.
“The Joint Venturers have given an undertaking to make monitoring data from the CO2 injection project publicly available, making a valuable contribution to the ongoing development of CO2 geosequestration technology” he said.
