Commonwealth LNG signs MoU for CCS project in Louisiana (US)

The US energy company Commonwealth LNG and OnStream CO₂ (a joint venture between Carbonvert and Castex Carbon Solutions) have signed a Memorandum of Understanding (MoU) to develop a carbon capture and storage (CCS) project at its 9 .3 Mt/year LNG facility currently under development in Cameron, Louisiana (United States). The agreement determines that OnStream CO₂ should oversee the design, construction, owning, and operation of the CCS equipment where the captured CO₂ is going to be permanently sequestered at the Cameron Parish CO₂ Hub, with Commonwealth dedicating the CO₂ emitted from its LNG facility for a 20-year term. 

At the end of 2022, the US installed capacity amounted to 1 187 GW, of which gas constituted a total of 42%. In 2021, the US administration pledged to reduce the country’s GHG emissions by 50-52% below 2005 levels by 2030. This target was included in the country’s updated NDC in 2022, with an intermediate goal of 26-28% below 2005 levels in 2025.