ESG

Approach to ESG

Mako Gas: locally sourced, carbon resilient energy

  • In aiding the Asia Pacific region in its cleaner energy transition, Conrad will help meet national aspirations to balance energy security, energy affordability and energy sustainability.
  • Conrad will recognise and strive to practicably deliver strong and transparent corporate governance; reduced emissions and waste; reduced energy usage and material consumption; reduced environmental footprint; positive social impacts and profitability.
  • In this regard Mako Gas:
  • Is a secure, locally sourced supply with high deliverability
  • Is high quality gas: 98% methane, no mercury, no heavy metals
  • Shares use of pre-existing pipeline infrastructure and low-cost receiving facilities
  • Requires no LNG refrigeration emissions / energy consumption
  • Has minimal shipping losses & no requirement for regasification
  • Has a low carbon footprint: c 11 kgs1 vs 59 kgs CO2e/boe for LNG, with emission intensity of LNG becoming a critical question for buyers
  • Has an overall, low supply cost: well-head to burner tip

Mako has Low Emissions Intensity Pre-FID project emissions intensity vs payback, major Asian oil & gas projects

conrad-esg
Note: (1) Preliminary estimate for Mako power generation & compression. To be revised on completion of FEED. This is lower than Wood Mackenzie’s estimate shown in the chart above.
Source: Wood Mackenzie Lens, “Asia Pacific upstream: 5 things to look for in 2022”, January 2022.