Eni claims CCS regulation breakthrough with UK deal

Head of terms agreement for HyNet North West cluster paves way for world’s first asset-based regulated CCS business

Eni has taken an important step towards creating what it claims will be the world’s first fully regulated CCS business by agreeing heads of terms with the UK government for the HyNet North West industrial cluster project in northern England. The Italian company and the UK’s Department of Energy Security and Net Zero have agreed key terms and conditions for the economic, regulatory and governance model for the transportation and storage of carbon dioxide in what is seen as a breakthrough for the CCS sector. The agreement marks a step towards HyNet North West, of which Eni is the lead developer,  becoming fully operational as the world’s first asset-based regulated CCS business, providing carb