Insight
The 'Gulf state model': Can the region be the next big destination for CCUS? Part 2
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Can the ‘Gulf state model’ make the region the next major destination for CCUS investment and activity? The Gulf has distinct advantages: permissive regulation, deep-pocketed NOCs and low costs. Nevertheless, progress could be constrained by uncertainty surrounding incentives, limited uptake outside of NOCs and the threat of low oil prices and geopolitical uncertainty.
Table of contents
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Critical drivers
- Regulatory permissiveness and policy certainty
- NOCs with strong balance sheets, long-term investment horizons and concentrated decision-making
- Low-cost operating environment
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Downside risk and potential pitfalls
- Limited opportunities for non-NOC players
- Uncertainty surrounding incentives
- Low oil prices and geopolitical uncertainty
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What can governments and operators learn from the 'Gulf state model'
- 1. The benefits of developing large-scale, flexible networks
- 2. The importance of policy not being a barrier
- 3. Not every region needs to follow the same CCUS model
- 4. Even in an environment with seemingly unlimited balance sheets, challenges remain
Tables and charts
This report includes the following images and tables:
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Gulf NOCs rating vs. peers on CoRSI sustainability measuresFree cash flow per-Mtpa emissionsUS Gulf coast vs. UAE ammonia project capture and compression cost*
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Jubail Phase 1 vs. Northern Lights Phase 2 transport and storage costsProject capacity by developerEconomics summary: QatarEnergy Dukhan EORProjected capture capacity by super-region
What's included
This report contains:
