Denmark is keen to attract investment in CCS
Denmark awards licences to CCS frontrunners
TotalEnergies, Wintershall Dea and Ineos secure first exclusive licences to explore potential offshore storage sites
France’s TotalEnergies and a consortium of German oil and gas producer Wintershall Dea and UK-based chemicals firm Ineos have cemented their frontrunner status in Denmark’s emerging CCS sector by securing the country’s first exclusive licences to explore potential large-scale storage sites in the North Sea. The licence awards, which cover an area of 2,800km², are for an initial exploration period of up to six years, with potential to extend to 30 years if final project proposals are approved by the Danish Energy Agency (DEA). Danish state-owned oil and gas licensing company Nordsofonden holds a 20pc stake in each of the new licences. All three companies are already working on CCS projects in
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
