Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Norway's Northern Lights CCS project starts operations with first CO2 injected
    Finance

    Norway's Northern Lights CCS project starts operations with first CO2 injected

    Published by Global Banking & Finance Review®

    Posted on August 25, 2025

    2 min read

    Last updated: January 22, 2026

    Norway's Northern Lights CCS project starts operations with first CO2 injected - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityinnovationClimate Change

    Quick Summary

    Norway's Northern Lights CCS project starts CO2 injection, marking a milestone in carbon capture. The project aims to store 1.5 million tons annually.

    Norway's Northern Lights CCS Project Begins CO2 Injection Operations

    By Nora Buli

    OSLO (Reuters) -The first volumes of carbon dioxide (CO2) have been injected and stored as part of Norway's Northern Lights carbon capture and storage (CCS) project, marking the start of operations, owners Shell, Equinor and TotalEnergies said on Monday.

    The CO2 is being stored in a reservoir 2,600 meters (8,530 ft) below the seabed, marking a major milestone for CCS, the companies said.   

    "This demonstrates the viability of carbon capture, transport and storage as a scalable industry," Anders Opedal, CEO of Equinor, said in a statement.   

    The facility is part of Norway's heavily subsidised Longship carbon capture and storage project aimed at commercialising CCS as a way to reduce CO2 emissions, especially for sectors that rely on fossil fuel input and are hard to decarbonise.

    The CO2 now stored was shipped from the Brevik cement factory operated by Heidelberg Materials in southern Norway, and first offloaded into onshore tanks, before being sent through a 100-kilometer (62 miles) pipeline to the storage reservoir.

    The commenced injection completes phase 1 of the Northern Lights development, which can inject 37.5 million metric tons of CO2 over a 25-year period, or 1.5 million tons per year, and is fully booked.

    The partners also committed to invest 7.5 billion crowns ($743.93 million) into a second phase, which targets an additional 3.5 million tons a year.

    ($1 = 10.0816 Norwegian crowns)

    (Reporting by Nora Buli, editing by Gwladys Fouché)

    Key Takeaways

    • •Norway's Northern Lights CCS project has begun CO2 injection.
    • •The project is a collaboration between Shell, Equinor, and TotalEnergies.
    • •CO2 is stored 2,600 meters below the seabed.
    • •The project is part of Norway's Longship initiative.
    • •Phase 2 aims to increase storage capacity.

    Frequently Asked Questions about Norway's Northern Lights CCS project starts operations with first CO2 injected

    1What is the Northern Lights CCS project?

    The Northern Lights CCS project is a carbon capture and storage initiative in Norway that aims to inject and store carbon dioxide (CO2) in a reservoir 2,600 meters below the seabed.

    2How much CO2 can the Northern Lights project inject?

    The project can inject 37.5 million metric tons of CO2 over a 25-year period, which equates to 1.5 million tons per year.

    3Who is involved in the Northern Lights CCS project?

    The project involves several partners, including Equinor and Heidelberg Materials, who are committed to investing in its development and future phases.

    4What is the significance of the CO2 injection that has started?

    The commencement of CO2 injection marks a major milestone for carbon capture and storage, demonstrating its viability as a scalable industry.

    5What are the future plans for the Northern Lights project?

    The partners have committed to invest 7.5 billion crowns into a second phase, which aims to increase the injection capacity by an additional 3.5 million tons per year.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostThree dead in helicopter crash during flying lesson on UK's Isle of Wight
    Next Finance PostGermany will take part in security guarantees for Ukraine, vice chancellor says