The study will focus on decarbonization of the Shell-operated LNG terminal in IDKU by capturing and storing the produced CO2 in a depleted reservoir in the Abu Qir offshore concession in the Gulf of Suez.
ATHENS, Greece—Energean and Shell plan to jointly explore a carbon capture and storage (CCS) development in Egypt.
The study, which follows a memorandum of understanding, will focus on decarbonization of the Shell-operated LNG terminal in IDKU by capturing and storing the produced CO2 in a depleted reservoir in the Abu Qir offshore concession in the Gulf of Suez, operated by Energean.
Future development could expand the project to accept CO2 from other industrial emitters such as fertilizer production.
Energean will apply its experience in designing a CCS solution in a depleted hydrocarbons field that it has operated for many years, mirroring the current process at the Prinos Field offshore western Greece.
