Montara Venture Floating Production Storage and Offloading Facility
The Safeguard Mechanism requires Australia's largest industrial facilities to keep net emissions under a legislated, stepping-down baseline — or offset the difference with carbon credits.
Reported emissions vs baseline, 2016–17 to 2019–20
Credit surrenders — Montara Venture Floating Production Storage and Offloading Facility
| Year | Emissions | Baseline | Gap† | ACCUs | SMCs | Compliance† |
|---|---|---|---|---|---|---|
| 19–20 | 231 kt | 298 kt | -67 kt | — | — | Under baseline |
| 18–19 | 281 kt | 300 kt | -19 kt | — | — | Under baseline |
| 17–18 | 234 kt | 300 kt | -65 kt | — | — | Under baseline |
| 16–17 | 277 kt | 300 kt | -23 kt | — | — | Under baseline |
Emissions, baseline, ACCUs and SMCs are reported directly by CER. †Gap and compliance category are calculated by Zerra from those figures.
What this means
Montara Venture Floating Production Storage and Offloading Facility is a facility operated by PTTEP AUSTRALASIA (ASHMORE CARTIER) PTY LTD in NT. Like all covered facilities, industrial operations generate significant emissions. Under Australia's Safeguard Mechanism, Montara Venture Floating Production Storage and Offloading Facility must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.
In 2019–20, Montara Venture Floating Production Storage and Offloading Facility came in under its baseline — reporting emissions of 231 kt against an obligation of 298 kt, a surplus of 67 kt. Facilities that come in under baseline can generate Safeguard Mechanism Credits (SMCs), which can be sold to facilities that need to cover an overage.
Related facilities — Safeguard Mechanism 2019–20
No peer data available.
All data sourced from the Clean Energy Regulator (Australian Government). Zerra is an independent data platform and is not affiliated with any listed facility or operator.