Norway and the Netherlands strengthen energy cooperation
Norway and the Netherlands are the only ones to have a new co-operation agreement on CO2 management (CCS). The agreement facilitates future exchange and safe storage of CO2 on the Norwegian shelf.
– Norway has today entered into a cooperation agreement with the Netherlands on the capture and storage of CO2. This is important technology to reduce global greenhouse gas emissions and achieve the goals of the Paris Agreement. Strengthened international cooperation on development, energy infrastructure and energy transition is crucial to reduce emissions from the countries in the North Sea region, says Minister of Petroleum and Energy Marte Mjøs Persen.
The Minister of Petroleum and Energy and the Dutch Minister of Foreign Affairs, Ben Knapen, today signed the agreement at the energy seminar “The North Sea as a Platform for the Clean Energy Transition” at NTNU in Trondheim. The seminar was arranged in connection with the state visit from the Netherlands. The Dutch royal couple and the Norwegian Crown Prince were present when the agreement was signed.
The agreement between Norway and the Netherlands promotes CO2 management by strengthening cooperation on knowledge sharing and technology development. The agreement will contribute to the countries being able to achieve national climate goals and contribute to the world reaching the goals in the Paris Agreement. The agreement also opens up for exploring other collaboration opportunities for green conversion, for example in hydrogen and offshore wind.
Background
In the state budget for 2021, the Storting approved a full-scale demonstration project for CO2handling, longships – capture and storage of CO2. The total cost for Langskip is NOK 25.1 billion.
The government will cover 2/3 of the total costs, the industry about 1/3, in the first phase of the project. In Norway, there is capacity to store European CO2volumes and storage capacity can be scaled up.
The agreement can read her.
Read the Minister’s post here.