State Support Agreements in Longship
Through the Norwegian Ministry of Petroleum and Energy, the state has entered into State Support Agreements with the companies Norcem AS, Hafslund Celsio AS and Northern Lights JV DA in respect of their involvement in the Longship CCS project. Redacted versions of these State Support Agreements were published on 7 December 2022 on the government’s website.
Source: regjeringen.no (only in norwegian)
ESAs approval of State Support Agreements
On 17 July 2020, the IEFTA Surveillance Authority (“ESA”) approved the provision of state aid by the Norwegian government to Longship based on the conditions set out in the application for approval. This funding is provided in accordance with the Energy and Environmental State aid guidelines. The guidelines allow for up to 100% state aid in the realisation of CCS projects. Only “eligible costs” may be covered by the state.