The Norwegian Parliament has voted to fund the country’s Northern Lights CO 2 transport and storage project.
The Norwegian Parliament has voted to fund the country’s Northern Lights CO2 transport and storage project.
The world’s first open-source CO2 transport and storage project, Northern Lights will enable transport of CO2 from industrial capture sites to a terminal in Øygarden for intermediate storage before being transported by pipeline for permanent storage in a reservoir 2600 m under the seabed.
The project is the transport and storage component of Longship, the Norwegian government’s full-scale carbon capture and storage project.
‘Carbon capture and storage (CCS) is important to achieve the goals of the Paris Agreement. Longship is the largest climate project ever in the Norwegian industry and will contribute substantially to the development of CCS as an efficient mitigation measure. Working together with the industry, the step-by-step approach has confirmed that the project is feasible,’ said Norway’s minister of petroleum and energy, Tina Bru.
Equinor, Shell and Total made a conditional investment decision on the Northern Lights CO2 project in May 2020. The partners are now in the process of establishing a joint venture, (subject to merger clearance), for all project activities, including business development.
The Northern Lights project will be open to third parties and as such will be the first ever cross-border, open-source CO2 transport and storage infrastructure network. It will offer European industrial emitters the opportunity to store their CO2 safely and permanently underground. Phase one of the project will be completed mid 2024 with a capacity of up
