Transcript CCS Presentation

The role of gas in
developing Carbon
Capture and
Storage (CCS)
About IOGP
IOGP’s Members
produce over half of the
world’s oil and more
than a third of its gas –
safely, efficiently and
reliably.
Wherever you are…
Wherever you go...
Whatever you do…
chances are you’re relying on
oil and gas for heat, light,
power and mobility.
Carbon Capture and Storage
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Tackling climate change with CCS
and natural gas
•
IOGP recognizes the risks of climate change due to rising
greenhouse gas emissions.
•
Oil and gas will continue to provide the majority of the world’s
growing need for energy for decades to come.
•
Carbon Capture and Storage (CCS) could potentially curb GHG
emissions significantly and enable energy demands to be met from
the continued large-scale use of fossil fuels.
•
Natural gas is an abundant, flexible and relatively low carbon
energy source.
•
The development of natural gas will maximize the effect of CCS
via the experience of the sector and via the opportunity to increase
the potential of power decarbonisation.
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How CCS works
5
Natural gas is the better choice for
CCS - not coal
Switching to natural gas from coal for
power generation would be a
significant contributor to mitigating
climate change.
Natural gas emits half the CO2 that
coal does.
When CCS is used with natural gas
instead of coal:
•
•
Source: Electricity generation facts & figures 20122013, VGB
CO2 storage requirements will be less –
critical if CO2 storage capacities are
insufficient
less infrastructure would be required.
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The oil and gas industry has the
expertise to deal with CO2
The oil and gas industry, with its scientific,
technological and contractor partners, is best placed
to develop CCS.
It is at the forefront of development of technologies
to:
•
•
•
•
separate CO2 and other gases from natural gas to reduce
CO2 concentration
separate CO2 emitted from power and heat generation
safely store CO2 in depleted reservoirs
develop Enhanced Oil Recovery.
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Enhanced Oil Recovery
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The oil and gas industry has the
experience
IOGP Members:
•
•
•
have the technologies and the
knowledge to assess
geological formations and
ensure safe storage
have the experience of safely
transporting liquids and gases
over long distances, via land
and sea
are engaged in developing
innovative technologies in a
number of projects around the
world: they are helping to
promote CCS in USA, Canada,
Europe, Africa and Australia.
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Challenges to overcome
There are challenges to overcome: costs, energy
penalties, storage capacities linked to emission
areas, size of the investments (with huge finance
needs), regulations, maturing technologies, and
acceptability for the public.
For CCS to contribute significantly to climate change
mitigation, it has to develop massively:
•
IEA in the ETP 2015 reckoned that 6 Gt/year CO2 will be captured
and stored in 2050 – more than both the world oil production and
the world gas production in 2014 (source: BP statistical review).
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Three priority actions to develop the
role of natural gas in CCS
1. Support R&D to enable continued technology innovation:
•
•
Critical for large capture cost and energy penalty reductions
Assess storage capacities at regional or country level with sound
methodologies.
2. Enhance technology neutrality:
•
•
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Change NER300 and ensure that its successor reflects the lower carbon
content of gas (and so the lower volumes of CO2 generated).
The extra cost per kWh of electricity should be the reference criterion – not
the extra cost per tonne of stored CO2
The NER400 fund should deal not only with CAPEX (capital costs), but
also with operating costs (OPEX).
3. Switch from coal to natural gas: most cost-effective way to
reduce GHG emissions in power generation
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Strengthening public awareness with
information
Sharing and
exchanging
information on
successful existing
projects will
strengthen public
awareness and will
support the role of
natural gas in CCS.
“The oil and gas industry has a unique understanding of
what happens underground – gained from more than 100
years of exploration and production. That is why it is
uniquely placed to develop such a technology”
(GN Chair)
European Parliament Workshop, Nov 20th 2014
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Find out more
about CCS
Download out Factsheet
“What is CCS?” from our website.
www.iogp.org
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For more information please contact:
Caterina De Matteis
[email protected]
www.iogp.org
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