Norway's government wants to show the world it is possible to safely inject and store carbon waste under the seabed.
Norway's Energy Minister Terje Aasland told CNBC that the country's so-called Longship project is seeking to create a full, large-scale value chain for carbon capture and storage.
Offshore carbon capture and storage refers to a range of technologies that seek to capture carbon from high-emitting activities, transport it to a storage site and lock it away indefinitely under the seabed.as an effective tool in the fight against climate change and polluting industries are increasingly looking to offshore carbon storage as a way to reducethe technology represents "a new threat to the world's oceans and a dangerous distraction from real progress on climate change.
"We can see the increased interest in carbon capture storage as a solution and those who are skeptical to that kind of solution can come to Norway and see how we have done in at Sleipner and Snøhvit," Norway's Aasland said. "It's several thousand meters under the seabed, it's safe, it's permanent and it's a good way to tackle the climate emissions."
Workers at an entrance to the CO2 pipeline access tunnel at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024.A key component of Longship is the Northern Lights joint venture, a partnership between Norway's state-backed oil and gas giantBørre Jacobsen, managing director for the Northern Lights Joint Venture, said it had received "overwhelming" interest in the project.
"And I think that is going to be the case to be honest which is why we are developing offshore storage," he continued.
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