Central Petroleum & climate change
Central Petroleum recognises climate change is an increasingly significant environmental, social, and business issue. We believe natural gas plays a pivotal role in providing cleaner, affordable, and reliable energy under a coordinated approach with our governments and communities as we transition to a lower-emission energy future.
The regulatory, scientific, and social response to climate change continues to evolve and, in this context, we continue to seek ways to minimise our carbon emissions while also providing affordable, reliable energy to our customers.
We report our greenhouse emissions under the National Greenhouse and Energy Reporting Act 2007 (NGER). In the most recent completed reporting period, FY2021 our share of scope 1 and 2 emissions across our operations was 51,198 tons of CO2e.
We are working on several initiatives to reduce our emissions, including a flare gas recovery project at Mereenie, which will seek to reduce flare gas emissions by more than 25% and overall emissions at these sites by approximately 10%, based on current emissions.
As older legacy equipment is replaced, we are installing more efficient appliances which will further reduce Scope 1 emissions across our operations.
Central is also investigating the possibility of using the depleted reservoirs in its long-producing Amadeus Basin fields for carbon capture and storage (CCS) in conjunction with potential CCS projects in the area.