Woodside advances CCS studies

15th September 2023 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH ( – Oil and gas major Woodside this week told shareholders that the company was progressing carbon capture and storage (CCS) studies, having signed a memorandum of understanding (MoU) with three Japanese companies to enable studies of a potential CCS value chain between Japan and Australia.

Under the MoU, Sumitomo Corporation, Toho Gas Co, and Kawasaki Kisen Kaisha will study the capture, storage and transportation of carbon dioxide (CO2) emissions by industry in the Chubu region of Japan. Woodside will conduct the study of injection and storage of the CO2 at Australian storage sites.

Woodside executive VP Shaun Gregory said the MoU reflected the demand for large-scale and near-term decarbonisation solutions.

“Woodside sees CCS as an opportunity, which will require coordination and collaboration – between jurisdictions, across government and between government and industry,” he said.

“CCS has the potential to provide a pathway for industry in the region to decarbonise. Japan is one such country that faces the challenge of emissions reduction and will foreseeably look to near-neighbour nations to support their efforts.”