The Oil and Gas Climate Initiative (OGCI) has published CCS in India, a report prepared by the Global CCS Institute examining policy, storage, infrastructure and economic considerations relevant to carbon capture and storage (CCS) deployment in India.
The report assesses India’s policy, legal and regulatory landscape, alongside CO₂ storage opportunities, transport infrastructure, industrial hub development and the economic implications of different net-zero pathways.
It finds that existing policy and legislation could provide building blocks for CCS development. It also identifies areas for further consideration, including regulatory and permitting arrangements, long-term liability, monitoring and verification, stakeholder engagement, commercial models and financial support for early projects.
The report identifies the Southern Cambay Hub as a potential early storage opportunity for further assessment. Its findings are intended to inform further technical, commercial and regulatory consideration, rather than project decisions.
In the modelled scenarios assessed, faster storage development and access to international storage can expand the range of lower-cost pathways to net zero.
The report is intended as a practical reference for policymakers, project developers, investors and others considering CCS development in India.CCS in India builds on OGCI’s existing geography-specific CCS deployment analysis, including its earlier assessment of CCS hub potential in northern Egypt and its report on CCS in the Asia-Pacific region.
About OGCI
The Oil and Gas Climate Initiative is a CEO-led initiative comprised of 12 of the world’s leading oil and gas companies, producing around a quarter of global oil and gas on an operated basis.
For the past decade, OGCI member companies have worked together to reduce their own emissions, while also driving action across the wider oil and gas industry to reduce emissions to achieve net zero operations in the timeframe of the Paris Agreement.
To help scale emissions reductions across a broader network of companies, OGCI works closely with the Oil & Gas Decarbonization Charter (OGDC), an initiative launched at COP28, which comprises 56 signatories representing approximately 40% of global oil and gas production.
As OGDC secretariat, OGCI and its member companies are sharing a decade’s worth of their own expertise reducing emissions with OGDC’s signatories through technical consultations, mentorship programs and longer-term collaborative partnerships. Priority topics include methane emissions abatement, flaring reduction and energy efficiency.
Since 2017, OGCI members have reduced their own total operated methane emissions by 63%, routine flaring by 72%, and carbon intensity by 24%. OGCI members have also invested a cumulative total of $125 billion in low-carbon technologies and solutions, including acquisitions and R&D, since 2017.
In 2016, OGCI launched Climate Investments to manage a $1 billion fund to develop and accelerate the commercial deployment of low emissions technologies.
OGCI’s members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies.
Read more in OGCI’s latest annual Progress Report and see our current Performance Data here.
