Spring Gully Reedy Creek Combabula

Spring Gully Reedy Creek Combabula is a oil & gas facility operated by ORIGIN ENERGY UPSTREAM OPERATOR 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, Spring Gully Reedy Creek Combabula must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.

In 2023–24, Spring Gully Reedy Creek Combabula came in under its baseline — reporting emissions of 304 kt against an obligation of 385 kt, a surplus of 82 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. Spring Gully Reedy Creek Combabula generated 81,761 SMCs in 2023–24.

Across the oil & gas sector, 8 of 8 covered facilities reported emissions above their baseline in 2023–24. The table below compares Spring Gully Reedy Creek Combabula with other oil & gas facilities covered by the Safeguard Mechanism.