Equinor is putting investments in new projects within carbon capture and storage (CCS) on hold because the market is developing more slowly than expected and there is a lack of customers to capture and store CO2. This is confirmed by spokesperson Magnus Frantzen Eidsvold to EnergiWatch.
- We are reducing our investments in 2026 and 2027, he says, explaining that the main reason is "that it takes longer to mature and build projects than we previously thought."
More precisely, the company has scaled back its investment plans during 2026 and 2027 by approximately DKK 25 billion. This applies to both renewable energy projects and CO2 capture projects.
ap
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
