![]() ![]() ![]() Work is now underway to fully assess storage potential. In such formations Australia has a potential carbon dioxide storage resource equivalent to many hundreds of years of emissions at the current rate. Australia has very extensive basins with deep saline formations, both onshore and particularly offshore, in which large quantities of carbon dioxide can dissolve. Geologically prospective areas include the North West Shelf (see the Gorgon gas project below) and Bass Strait. There are no particularly promising large storage prospects near the Hunter Valley. The Latrobe Valley has considerable potential storage within a few hundred kilometres in Bass Strait which the CarbonNet Project was investigating (see below). ![]() ![]() In Australia, the major emissions sites are in the Latrobe and Hunter valleys.
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