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| Year | Emissions | Baseline | Gap | ACCUs | SMCs | Compliance |
|---|---|---|---|---|---|---|
| 24–25 | 117 kt | 108 kt | -2 t | 8,497 | — | Under baseline |
APU01 Pyrenees - AOA Facility is a oil & gas facility operated by WOODSIDE ENERGY GLOBAL PTY LTD in WA. Like all covered facilities, LNG processing, gas extraction and pipeline operations release methane and combustion emissions. Under Australia's Safeguard Mechanism, APU01 Pyrenees - AOA Facility must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.
In 2023–24, APU01 Pyrenees - AOA Facility came in under its baseline — reporting emissions of 117 kt against an obligation of 108 kt, a surplus of 2 t. Facilities that come in under baseline can generate Safeguard Mechanism Credits (SMCs), which can be sold to facilities that need to cover an overage.
Across the oil & gas sector, 8 of 8 covered facilities reported emissions above their baseline in 2023–24. The table below compares APU01 Pyrenees - AOA 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 |