Document ID: chunk:federal_register_of_legislation:F2024C00846:clause:1_35a
Version: federal_register_of_legislation:F2024C00846
Segment Type: clause
Provision Reference: sch 1 cl 35A
Character Range: 221037–223809

35A  Reservoir carbon dioxide from new gas fields
 (1) Tonnes of reservoir carbon dioxide that:
 (a) were separated in an acid gas removal unit from natural gas, crude oil mixtures or products produced from covered extracted hydrocarbons as part of one of the following activities:
 (i) the oil and gas extraction activity;
 (ii) the integrated crude oil extraction and stabilisation activity;
 (iii) the natural gas processing activity;
 (iv) the integrated natural gas extraction and processing activity;
 (v) the processed natural gas liquefaction activity;
 (vi) the unprocessed natural gas liquefaction activity; and
 (b) when separated, consist of a mixture that is overwhelmingly carbon dioxide (CO2) and may contain incidental associated substances derived from the source material and capture and separation processes; and
 (c) have not previously been included as a tonne of reservoir carbon dioxide under this section; and
 (d) were not imported as a carbon dioxide stream from another facility.
 (2) The metric in subsection (1) is applicable to a facility that separates reservoir carbon dioxide from natural gas, crude oil mixtures or products produced from extracted hydrocarbons as part of one of the following activities:
 (a) the oil and gas extraction activity;
 (b) the integrated crude oil extraction and stabilisation activity;
 (c) the natural gas processing activity;
 (d) the integrated natural gas extraction and processing activity;
 (e) the processed natural gas liquefaction activity;
 (f) the unprocessed natural gas liquefaction activity.

Covered extracted hydrocarbons
 (3) Extracted hydrocarbons are covered extracted hydrocarbons if they:
 (a) originate from a field (other than a field that is covered by subsection (4)) in respect of which the commercial extraction of hydrocarbons was not undertaken before 1 July 2023; and
 (b) are used as an input in the unprocessed natural gas liquefaction activity or the processed natural gas liquefaction activity (whether or not they are processed at a natural gas processing facility to produce pipeline gas beforehand); and
 (c) are not purchased from the domestic wholesale gas market.
 (4) A field is covered by this subsection if, before 1 July 2023, the field, or part of the field, was included in an area in which the commercial extraction of hydrocarbons was occurring in accordance with a licence (however described) granted under a law of the Commonwealth, a State or a Territory.

Emissions intensities
 (5) The default emissions intensity is zero t CO2‑e per tonnes of reservoir carbon dioxide.
 (6) The best practice emissions intensity is zero t CO2‑e per tonnes of reservoir carbon dioxide.

Part 20—Production variables related to steel manufacturing

Division 1—Definitions