On March 27, 2025, the Department of Energy and Resource Law at the Scandinavian Institute of Maritime Law (UiO) organized a legal seminar on the development of a market for CO2 storage services.
The seminar brought together around 100 people with various interests in the CCS industry, and was hosted by UiO, in cooperation with FME GigaCCS, in which UiO is a research partner.
During the seminar’s first session, representatives from the Ministry of Energy, the Environmental Directorate, and the University of Oslo discussed regulatory frameworks for CCS.
Among the core topics were reflections on the current regime under both the CO2 Storage Regulations and the quota system, the need for adjustments in the form of regulation amendments, and anticipated new EU rules on CO2 transport and storage.
The second session began with a presentation from Gassnova highlighting the technological maturity in the CCS value chain and learning points from Langskip, before capture actors Heidelberg Materials and Hafslund Celsio, along with Equinor as a key transport and storage actor, outlined how they work with commercial agreements.
Overall conclusions
Establishing market-based value chains for carbon capture and storage requires a balance between regulations, technological development, and commercial incentives.