Northern Lights CO2 Project Approved by Norway
Norwegian authorities approve CO2 sequestration project in the Northern North Sea
As reported in a press release from Total, the Norwegian parliament has voted in favour of investing in the Northern Lights project which will see CO2 being shipped, received, and sequestered, 2,600 meters below the North Sea Seabed.
Besides Total, the other two partners on this project include Shell and Equinor.
In ensuing times, this project for building a Carbon Capture and Sequestration (CCS) value chain is expected to be a vital step towards Europe achieving its goals for carbon neutrality.
Commenting on the development, Chairman and CEO of Total, Patrick Pouyanné said “CCS is key to achieving carbon neutrality in Europe and is fully part of our Climate Ambition to get to net zero emissions by 2050.” Further stressing on Total’s long-term association with the Norwegian government, he expressed his gratitude by stating “Today we thank its government for making possible the final investment decision to develop Northern Lights.”
In the same breath, Tina Bru, Norwegian Minister of Petroleum and Energy affirmed that “Carbon capture and storage (CCS) is important to achieve the goals of the Paris Agreement.”
Alongside, Anders Opedal, the CEO of Equinor added “Northern Lights is a true pioneering project and the first of its kind offering a solution to cut emissions from industrial sources in Norway and Europe.”
Finally, Ben van Beurden, the CEO of Shell said that “The Norwegian government’s initiative and support for what will be the world’s first open-source CO2, transport and storage project shows real vision and commitment.”
