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Santos gives green light to $4.7b new gas field off Australia – Sydney Morning Herald

Energy giant Santos has given the go-ahead to its $4.7 billion Barossa gas project north of Darwin after its plans were put on hold last year during COVID-19.

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However, the Barossa field contains high levels of carbon dioxide, raising questions about its impact on Santos emissions footprint. Wood Mackenzie analyst Shaun Brady said Santos would need to deliver on energy efficiency projects and its proposed Moomba carbon capture and storage facility in order to offset the added emissions.
Santos has a goal to be net-zero by 2040 and reduce emissions by 30 per cent through 2030, he said. With such a high carbon intensity, Santos must now deliver the projects…

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