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22.03.2023
The stakeholders involved in the CCS project Longship all highlight trust as a prerequisite for the success of the project. Longship are being realized even though important regulatory issues have not yet been clarified, and it is unclear how the authorities will enforce the regulations.
The Longship project has been developed through a step-by-step project development process, with several decision points for both industry and government. Gassnova believes this approach has been instrumental in gradually building trust between the public and private sectors before final investment decisions were made. During the project development process, both the industrial projects and the state aid agreements have matured.
In light of the government’s and industry’s joint goal of realizing a CCS chain, all parties have shown an openness and flexibility that is not common for other projects.
– The goal we wanted to achieve well over a decade ago is now becoming a reality. It is a strong result of a fruitful collaboration between all stakeholders across the CCS value chain in Norway, said Giv K. Brantenberg, Managing Director HeidelbergCement Northern Europe during the Northern Lights Summit 2022.
Hafslund Oslo Celsio, Northern Lights and the Ministry of Petroleum and Energy have also pointed out that trust between private companies and authorities has been important for the success of Longship.
This article was written based on the report «Regulatory lessons learned from Longship», which is based on the experiences gained from the Longship project.
The project goals of Longship To achieve the societal goal, the Norwegian government has defined four effect goals.The longship project (which is the largest climate project in Norwegian industry ever) will: provide knowledge that shows that it is possible and safe to carry out full-scale CO₂ management provide productivity gains for future projects through learning …
The report “Regulatory lessons learned from Longship” is written by Gassnova. In this report the regulatory issues and challenges facing Longship and how these are resolved are discussed in light of the state’s different roles. – We are very pleased that we now can share this report which we believe will be useful for everyone …
Experience from the Longship project shows that, due to a lack of commercial incentives for industry partners and whole chain risks that could not be absorbed by industry partners, tailored state aid agreements were necessary. State aid for industry partners Since CCS was not commercially viable when the Longship project began, it was necessary to …
