UK awards 20 offshore CO₂ storage licences
First licence round sees 12 developers secure rights to appraise storage sites with potential to hold 10pc of UK’s annual emissions
The UK’s CCS sector has taken a significant step forward with the award of 20 offshore carbon storage appraisal licences to 12 project developers including Centrica-owned Spirit Energy and UK independent oil and gas producer Neptune Energy. The awards, made via the UK’s first offshore storage licensing round, cover a total area of 12,000km² and include sites off the coasts of Aberdeen, Teesside, Liverpool and Lincolnshire. The licensed sites have the combined potential to store about 10pc of the country’s total annual emissions, says regulator the North Sea Transition Authority (NSTA). The UK has set a target of developing enough capacity to store 30mn t/yr of CO₂ by 2030. “We are work
Welcome to the PE Media Network
PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry
Comments