As we navigate the energy evolution on the path to net zero, natural gas will continue to be a mainstay of the energy mix.
Natural gas is part of our everyday lives. From the clothes we wear and the heating and cooling in our homes; to all forms of transport including cars, bikes and the shoes we walk in.
Thanks to gas we have phones, computers and pens to write with; as well as the cement and bricks that give us shelter and the carpet under our feet. It even helps us to make fertiliser and medical supplies, and the packaging for the food and beverages that we consume every day. Without ammonia-based fertilisers made from natural gas, we could only feed about four billion people, roughly half of today’s global population.1
Hover over the graphic to find out more.
1 How the World Really Works: A Scientist’s Guide to Our Past, Present and Future, Vaclav Smil, Viking (2022).
Role in the energy evolution
At Santos, our commitment is to be a global leader in the transition to lower carbon energy and low carbon fuels, by helping the world decarbonise to reach Net Zero in an affordable and sustainable way. Our purpose is to provide lower carbon energy that is both affordable and sustainable to help create a better world for everyone.
The world needs gas for electricity generation, manufacturing and agriculture, including for making products that renewables cannot. Gas also supports renewables for power generation by providing firming capacity when the sun is not shining and the wind is not blowing.
This need will continue for many years ahead. Technologies such as carbon capture and storage enable gas to be abated, reducing the carbon emissions associated with its production and use. Abated natural gas will have a significant and growing part to play in the global energy mix for decades to come.
Carbon capture and storage
Direct air capture technology
*Annual CO2 capture data points source: Net Zero Roadmap: A Global Pathway to Keep the 1.5C Goal in Reach, 2023 Update, International Energy Agency (2023).
Santos is focused on continued implementation of our Climate Transition Action Plan, including:
- Operational efficiencies;
- Carbon capture and storage;
- Carbon solutions, such as expanding our portfolio of nature-based solutions and the development of new technologies like DAC; and
- Low carbon fuels hubs.
Natural gas in Australia
The following external resources may be of interest:
- Australian Energy Producers‘ website, including fact sheets
- Australian Energy Producers’ Future of Gas website, including fact sheets
- Australian Energy Producers’ Bright-r website
- Australian Energy Producers’ Energy Information Australia website
- Australian Department of Climate Change, Energy, the Environment and Water’s Australian Energy Update 2023 report
- CO2CRC website