Categories
Uncategorised

Consultation outcome: Carbon capture, usage and storage (CCUS) projects: re-use of oil and gas assets

In the CCUS deployment pathway: action plan, we committed:

  • to complete a process to identify existing oil and gas infrastructure that has the potential for re-use for carbon capture, usage and storage (CCUS)
  • to develop a policy on this

We’re seeking views on this infrastructure and the associated policy proposals to:

  • introduce a discretionary power for the Secretary of State to remove the decommissioning liability from previous oil and gas asset owners if assets are transferred to CCUS projects
  • change policy and guidance documents to encourage owners and operators of oil and gas assets to propose a period of suspension prior to decommissioning

This consultation is of particular interest to:

  • the CCUS industry
  • oil and gas companies
  • groups interested in CCUS

but anyone with an interest in CCUS and its potential role in meeting our net-zero target is welcome to respond.