Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the Northern Lights development.
Customer commitment is a decisive part of realizing a carbon capture, transportation and storage (CCS) value chain.
The investment by the Northern Lights JV owners Equinor, Shell and TotalEnergies is 7.5 bn NOK. This includes the award of € 131M (ca 1,5 bn NOK) from the Connecting Europe Facility (CEF) funding scheme, approved by the European Commission.
Phase two of the development will increase the total injection capacity from 1.5 million tonnes of CO2 per year (Mtpa) to at least 5 Mtpa. The expansion through phase two builds on existing onshore and offshore infrastructure and includes additional onshore storage tanks, a new jetty, and additional injection wells. This development phase is expected to be completed and ready for operation in the second half of 2028. Equinor will remain the technical service provider (TSP) for phase two, responsible for development, construction and operation on behalf of the partnership.