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| Year | Emissions | Baseline | Gap | ACCUs | SMCs | Compliance |
|---|---|---|---|---|---|---|
| 24–25 | 2.12 Mt | 2.03 Mt | +86 kt | — | 85,774 | SMC buyer |
APLNG Facility is a oil & gas facility operated by CONOCOPHILLIPS AUSTRALIA OPERATIONS PTY LTD in QLD. Like all covered facilities, LNG processing, gas extraction and pipeline operations release methane and combustion emissions. Under Australia's Safeguard Mechanism, APLNG Facility must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.
In 2023–24, APLNG Facility reported emissions of 2.12 Mt against a baseline obligation of 2.03 Mt — an overage of 86 kt. The facility covered the overage using 85,774 Safeguard Mechanism Credits (SMCs) — credits generated by other covered facilities that came in under their own baselines.
Across the oil & gas sector, 8 of 8 covered facilities reported emissions above their baseline in 2023–24. The table below compares APLNG Facility with other oil & gas facilities covered by the Safeguard Mechanism.
| Facility | Operator | State | Emissions | vs Baseline | Compliance |
|---|---|---|---|---|---|
| Gippsland Basin facility | ESSO AUSTRALIA RESOURCES PTY LTD | VIC | 1.51 Mt | +156 kt | ACCU buyer |
| Moomba Plant | Santos Limited | SA | 2.20 Mt | +148 kt | ACCU buyer |
| Darwin LNG Plant | Santos Limited | NT | 242 kt | +142 kt | ACCU buyer |
| APLNG Facility | CONOCOPHILLIPS AUSTRALIA OPERATIONS PTY LTD | QLD | 2.12 Mt | +86 kt | SMC buyer |
| Queensland Curtis LNG Plant | QCLNG Operating Company Pty Ltd | QLD | 1.94 Mt | +73 kt | ACCU buyer |
| Beharra Springs | BEACH ENERGY LIMITED | WA | 145 kt | +45 kt | ACCU buyer |
| Varanus Hub | Santos Limited | WA | 281 kt | +44 kt | ACCU buyer |
| Ballera | Santos Limited | QLD | 154 kt | +34 kt | ACCU buyer |