As industry begins the transition towards renewable energy, carbon capture and storage (CCS) is a major talking point. Following significant interest by ‘major players’ in obtaining permits to store carbon dioxide (CO2), Norway’s Ministry of Petroleum and Energy has announced that it will be taking applications for CO2 storage in two areas, located in the North Sea and the Barents Sea.
Permits will be granted in accordance with the CO2 Storage Regulations and applications will be received when the applicant believes there is a ‘sufficiently good basis’ for an application.
Building on from the Norwegian Longship project, Tina Bru, Minister of Petroleum and Energy, Norwegian Government, said, “Capture and storage of CO2 is an area where Norway has a unique opportunity to really make a difference on the way to a global low-emission society.”
“With today’s announcement, we are facilitating more Norwegian projects for CO2 management.”
The application deadline is set for December 9th 2021 at 12:00.