Beach Energy backs carbon burial as Victoria raises emissions targets

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Beach Energy, one of Victoria’s largest gas producers, is betting on carbon capture technology as a ‘frontrunner’ among the solutions needed to deliver the Andrews government’s ambition to tackle emissions from industry while meeting the state’s continued large need for fuel.

Last weekend, Victorian Energy Minister Lily D’Ambrosio unveiled the country’s first gas substitution ‘roadmap’, which removes requirements for new buildings to be connected to the gas grid and includes incentives for homeowners to switch to electrical appliances.

Beach Energy has used the Ocean Onyx drill rig to develop new natural gas wells offshore Victoria.

Victoria is Australia’s biggest gas consumer, with 2 million homes and businesses using fossil fuel for heating, cooking and hot water. The Andrews government says the scheme will enable Victorians to adopt sustainable alternatives to fossil gas, which currently accounts for 17% of the state’s greenhouse gas emissions.

Beach Energy chief executive Morné Engelbrecht said the company shared the government’s ambition to cut emissions and would seek to be “part of the solution as demand for gas in Victoria remains strong”.

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“All forecasts suggest that gas will continue to be part of Australia’s energy mix for many years to come, and will be particularly important as more coal leaves the system,” he said.

“Combining gas production with carbon capture and storage is becoming a forerunner when it comes to dramatically reducing carbon emissions.”

Beach, whose major shareholder is media billionaire Kerry Stokes’ Seven Group, is a major supplier of domestic gas to Victorian homes and businesses from its Otway gasworks near Port Campbell and another in Lang Lang, south-west east of Melbourne.

The company also has a 33% stake in the Moomba carbon capture and storage (CCS) project in South Australia, which developer Santos says has the capacity to store 1.7 million tonnes of carbon emissions. carbon per year, making it one of the largest such projects in Australia. the world with the lowest costs.

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