HomePress ReleaseEIN PresswireCO2 storage tender round postponed as Danish government considers involvement

CO2 storage tender round postponed as Danish government considers involvement

LONDON, UK, August 14, 2023/ — A second tender round for CO2 storage licenses in Denmark’s North Sea, which was set to happen on 15 August, has been pushed again to a later date by the Danish government. The postponement was introduced by the Danish Vitality Company, which is at present deliberating on whether or not to spice up the government’s participation share in future licenses.

Three licenses had been awarded in the course of the preliminary tender round, which happened in August 2022. The primary two had been awarded to main French oil and fuel operator TotalEnergies, which operates vital producing fields within the Danish North Sea, with the third was handed to a consortium that features INEOS E&P and Wintershall Dea.

Denmark’s nationwide oil and fuel operator Nordsøfonden obtained a 20% share of every license.

In line with the Danish Vitality Company, the second round will nonetheless happen this yr, whereas the licenses will present for the thorough examination and potential use of subsoil for geological CO2 storage.

German group BASF owns 72.7% of Wintershall Dea with the rest is held by Russian traders Mikhail Fridman, Petr Aven and German Khan.

Shamir Atif
+44 20 7454 5111
e-mail us right here


Most Popular