Mid West gas producers eye net-zero carbon emissions
The two major natural gas developers south-east of Dongara have now committed to achieving net-zero carbon emissions.
While Strike Energy intends to achieve carbon neutrality by 2030, Mitsui E&P has announced a goal to achieve net-zero carbon emissions by 2050.
A MEPAU spokeswoman said the company had an interim 2030 goal to reduce greenhouse gas to half of its 2020 levels worldwide.
MEPAU, which is developing the Waitsia gasfield in partnership with Beach Energy, has bought the carbon farming business Outback Carbon.
The company’s announcement came after Strike committed to an ambitious target of net-zero carbon emissions from its proposed Narngulu ammonia and urea plant and Erregulla gas fields last month.
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At the time Strike chief executive Stuart Nicholls said his company aspired to become Australia’s first net-zero emissions domestic gas producer.
The Waitsia and Erregulla gas fields are both located south-east of Dongara.
This month the International Energy Agency released a major report calling for expansion in the gas industry to cease worldwide and demand for LNG to fall dramatically to achieve net-zero emissions by 2050.
This is a requirement of the Paris Agreement, a treaty Australia has signed as one of 196 United Nations member countries.
The OECD established this Paris-based intergovernmental organisation after the 1973 oil crisis.
Kerry Stokes, chairman of Seven West Media — publisher of the Midwest Times — holds a 28.5 per cent stake in Beach Energy through Seven Group Holdings.
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