Insight
CCUS licensing review H2 2023
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Report summary
In this insight, we present a global review of carbon storage licensing activity in H2 2023. The dominance of competitive bid rounds was maintained; licensing rounds remained focused in Europe, North America, and Australia due to their mature CCS regulations. H2 2023 saw notable involvement from oil and gas majors in licensing rounds, and several key M&A events, driving growth of the CCS industry. Policy developments in Indonesia, Malaysia and Latin America should promote global expansion of licensing activity.
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