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SUMMARY

TotalEnergies, Wintershall Norge and Cape Omega all submitted bids.

By Callum Cyrus

POSTED IN:

Europe Resiliency Norway

Three companies have applied to build CO2 storage centres on the Norwegian Continental Shelf, the ministry of petroleum and energy has said.

TotalEnergies, Wintershall Norge and Cape Omega were revealed to have submitted applications to the ministry before the June 1 deadline.

The applications will now be processed according to the ministry's CO2 storage regulations, with a decision expected in the second half of this year.

Terje Aasland, Norway's minister of petroleum and energy, said: "There is considerable industrial interest in projects that include commercial storage of CO2 on the Norwegian shelf.

"Further allocations of land will strengthen the development of an important climate measure and contribute to building up under a new, commercial industry on the Norwegian shelf."

"Companies that have the ability and will, and have matured good projects that include storage of CO2, will be able to apply for a storage permit. I am happy to receive more requests to announce additional areas for CO2 storage.”