The project is Australia’s first large-scale onshore CCS project and has the capacity to store up to 1.7 million tonnes of CO₂ per year.

Pikka phase 1 is expected to deliver 80,000 barrels of oil per day (bopd) at full production.

Santos’ Moomba Carbon Capture and Storage project in South Australia’s Cooper Basin started up in October 2024 and at year-end had already stored 340,000 tonnes of CO2-equivalent (CO2e).

The long-term SPA will supply between 0.35 and 0.4 million tonnes per annum of LNG at plateau.

Completion of the Angore development unlocks a one trillion cubic feet natural gas resource to supply PNG LNG for years to come.

The collaboration supports Santos Energy Solutions low-carbon fuels ambitions and could lead to the export of carbon-neutral e-methane.

The scope of the MOU is to assess potential decarbonisation opportunities by working jointly to link heavy CO2 emitters and/or CO2 import locations to the Santos-operated CCS facility in Moomba, South Australia.

Santos, through its new energies business Santos Energy Solutions, with support from Tokyo Gas, will evaluate the potential to produce e-methane for export to Japan, leveraging extensive existing infrastructure.