South Korea eyes ageing offshore gas field for CO2 emissions storage

May 11, 2021 | INVESTING

Thirty-six miles off the coast of South Korea, the Donghae gas field is running dry. When it closes next year, its pipeline to the port of Ulsan could go into reverse, creating the Asian nation’s first major carbon-capture reservoir by injecting carbon dioxide into the rock below the seabed.The plan is to store 400,000 tons of carbon dioxide emissions annually for 30 years from 2025, according to Korea National Oil Corporation (KNOC), which will run a feasibility study on the project this year…

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