Insight
CCUS Licensing Review Q3 2024
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Report summary
Global carbon storage licensing activity experienced significant growth in Q3 2024. The Asia Pacific region led the charge with substantial acreage awards in Australia and offerings in Malaysia, while Europe and North America maintained steady progress with permits and regulations. Denmark launched a second bid round for onshore storage. Norway concluded its second licence round of the year. The EU revised its carbon storage directive. Illinois and Pennsylvania sign a state CCUS bill. Harbour Energy becomes the latest entrant after acquiring Wintershall Dea’s carbon storage portfolio in Europe.
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