Carbon capture and storage in Australia Carbon capture and storage in Australia Carbon capture and storage (CCS) is an approach to try to mitigate global warming by capturing carbon dioxide from large point sources such as fossil fuel power plants and storing it instead of releasing it into the atmosphere. Carbon capture and storage is also used to sequester filtered out of natural gas from certain from natural gas fields. While typically the has no value after being stored, Enhanced Oil Recovery uses to increase yield from declining oil fields. There are no currently-operating large-scale CCS projects in Australia, although the Gorgon gas project will qualify
Carbon capture and storage (timeline) Sleipner field produces natural gas and light oil from the Heimdal sandstones, which are about 2,500 m below sea level. The natural gas produced at Sleipner contains unusually high levels (about 9%) of carbon dioxide, but the customers require less than 2.5%. To encourage companies to cut their carbon emissions, the Norwegian government imposes a carbon tax equivalent to about $50 per ton of CO released into the atmosphere. To avoid paying the tax, and as a test of alternative technology, all of the CO extracted since 1996, when gas production started at Sleipner, has been pumped back deep underground.