Norway’s Ministry of Energy has announced the opening of an area on the Norwegian Continental Shelf for CO2 exploration and storage, allowing companies to submit license applications. This measure seeks to strengthen carbon capture and storage ( CCS ), achieving emissions reduction and meeting climate goals in the country.
CO2 storage opportunities
According to Energy Minister Terje Aasland, this initiative responds to the growing interest in geological storage of CO₂ in the seabed. With the allocation of this new area, Norway reaffirms its commitment to offering space for large-scale carbon capture within a competitive commercial framework.
[post_relacionado]To date, Norway has awarded 13 licences for CO₂ storage: one for exploitation and twelve for exploration . The new call for proposals is in response to a request from a commercial company seeking to develop a site-specific solution for CO₂ injection into safe geological formations.
Companies interested in participating in this process must submit their licence applications by 12:00 noon on 23 April 2025. Permits will be granted in accordance with current regulations, ensuring that applicants have a solid foundation and technical feasibility for developing carbon storage in Norwegian waters.
Storing CO2 in the North Sea is seen as a key strategy to mitigate industrial emissions and move towards a cleaner economy. Norway, with its extensive experience in managing marine resources, is positioned as a major player in the development of carbon sequestration technologies, offering opportunities for companies and governments interested in long-term sustainable solutions.
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Source and photo: Regjeringen.no