Shell, Energran partner to explore carbon capture and storage solutions in Egypt
(WO) — Exploration and production company Energean has partnered with Shell Egypt to explore a mutually beneficial decarbonization solution. The memorandum of understanding (MOU) is designed to support the decarbonization and the energy transition of the Arab Republic of Egypt contributing to the global efforts against climate change.
Energean will build on its experience in designing a carbon capture & storage (CCS) solution in a depleted hydrocarbons field that it has operated for many years, mirroring the process ongoing in Prinos, Greece.
The proposed partnership is addressing a major carbon capture and storage feasibility challenge, which is the ability to connect sizeable carbon emitters to an adequate geological structure. The study will focus on the decarbonization of the LNG terminal in IDKU operated by Shell through capturing and storing the carbon dioxide in a depleted reservoir in the Abu Qir offshore concession operated by Energean.
Egypt has undoubted carbon capture and storage potential due to a series of interlinked factors, such as well understood depleted gas fields, adjacent to much newer production facilities. In addition, Egypt has an infrastructure, skills and experience rich zone with high demand from global markets and stakeholders for decarbonized molecular energy products.