Australia has named an offshore site for the Bonaparte carbon storage project led by Inpex, according to Reuters via MarketScreener. The announcement moves the CCS project from proposal to a defined location, although the full article is behind a paywall and does not disclose capacity or timeline details. The project matters beyond one company. Inpex operates the Ichthys LNG venture, and CCS is one of the few ways LNG operators can reduce upstream emissions while keeping production running. Site selection is a necessary step, but the real test is whether the storage permit, injection plan, and monitoring requirements hold up under Australia's offshore greenhouse gas storage rules. For carbon market watchers, this is a signal that large oil and gas players are still pushing subsurface storage in Australia. The credibility of any credits or abatement claims will depend on how the project is measured and verified, not just the announcement.
