Gas2Wire allied to other technologies creates multiple pathways to accelerate energy transition
Proven Technology
- Low carbon electricity market: demand for cleaner electricity and greater energy security
- Fast development projects: use of existing infrastructure
- Reliable production: late-life gas fields with known production history
- Repeatable: ‘modular’ nature of projects
reduces execution risk
Multiple Incentives
- Incentives for operators: deferred decommissioning plus increased recovery
- Regulatory and political support: energy
security, defer decommissioning costs and increased economic recovery - Energy transition: reliable, dispatchable low carbon electricity is an important step in the transition to a lower carbon future
Strong Economics
- Low entry cost: as fields are nearing the end of traditional economic life
- Lower captial investment: integration with existing process
- Reducing price volatility: sale of electricity reduces exposure to price risk associated with gas market
‘Cleaner2Greener’ Energy
As the world transitions to a cleaner energy future, Gas2Wire+CarbonCapture projects generating low carbon electricity can play an important role in meeting increasing energy demands from secure, cleaner sources.
Natural gas, the ‘cleanest’ of the hydrocarbons, is often referred to as the ‘gas bridge’ for energy transition and so ‘cleaner’ gas projects are vital to facilitate the change. Gas2Wire+CarbonCaputure is an example of such a project deploying proven and appropriate technology for a wide range of benefits.
G2WV’s approach capitalises on existing assets such as platforms and nearby power infrastructure, combined with cost-effective operations to create commercially attractive and technically viable development solutions.
By focusing initially on brownfield development opportunities the project risks associated with normal development are reduced to their lowest possible level. Target fields or hubs have proven resources with production history, the integrity of the infrastructure is known and has a proven operating history; combining gas2wire processes with carbon capture technology significantly reduces lifecycle emissions and creates further opportunities for safe storage of carbon dioxide.
De-risking
Our gas-to-wire approach capitalises on existing assets such as platforms and nearby power infrastructure, combined with cost-effective operations to create commercially attractive and technically viable development solutions.
By focusing initially on brownfield development opportunities the project risks associated with normal development are reduced to their lowest possible level. The fields have a proven resource with reliable production history, the integrity of the infrastructure is known and has a proven operating history and the equipment and processes used in the delivery of the gas-to-wire solution utilise only proven technology.
