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Net Zero

Showcasing how Australia’s oil and gas industry is delivering technologies and partnerships to achieve net-zero goals. 

Australian Energy Producers supports Net Zero across the economy by 2050, consistent with the objectives of the Paris Agreement and the commitments of the Commonwealth Government.  
 
Australian natural gas is pivotal to reaching net zero in Australia and the region.  
 
As the Future Gas Strategy found, ‘Under all credible net zero scenarios, natural gas is needed through to 2050 and beyond’. Natural gas provides the reliable back-up to renewables in power generation, yet is excluded from programs that would support urgently-needed capacity investment. 
 
Australia’s LNG exports are also crucial to the energy security and decarbonisation of our key trade partners including Japan and Korea.  
 
Carbon capture, utilisation and storage (CCUS) 
 
Ensuring reliable and affordable gas to support Australia’s transition to a net zero economy requires continued investment in new gas exploration and development. Australia will also need to substantially scale-up the rollout of carbon capture, utilisation and storage (CCUS) across the economy to achieve net zero by 2050. 
 
CCUS is one of few technology options to significantly reduce emissions from industry—including the manufacturing of steel, cement and chemicals. A ‘hub’ approach to shared CCUS infrastructure is emerging as a preferred model around the world to cut emissions in hard-to-abate sectors as it reduces costs and risks for companies and opens up CCUS at scale. CCUS with natural gas is also the least‑cost and most mature way to produce low-carbon hydrogen today. 
 
CCUS in Australia  
 
Australia has a comparative advantage in CCUS, with world class geology, industry experience, and strong links with regional trading partners looking to collaborate on CCUS. 
 
Australia already hosts two of the world’s largest operational CCS projects, Chevron’s Gorgon and Santos–Beach Energy’s Moomba projects, which together store the equivalent of taking one million cars off the road every year. 
 
A 2025 report from Net Zero Australia confirmed natural gas and CCUS are essential to Australia’s net zero ambitions.  
 
The Topical Report #1: Updated Net Zero Pathways for Australia highlights the scale of the decarbonisation challenge and the central role that gas and CCUS will continue to play in powering Australia’s economy, supporting industry, and cutting emissions through to 2050 and beyond. 
 
Supporting Net Zero by 2050   
 
Australian Energy Producers supports Net Zero cross the economy by 2050, consistent with the objectives of the Paris Agreement and the commitments of the Commonwealth Government.