The parties signed bareboat and time charter contracts for two 7,500 m3 liquefied CO2 carriers.

The 130 by 21.2 m ships will be delivered in 2024, the same year Northern Lights' carbon storage operations are set to commence.

The London-based subsidiary K Line LNG Shipping will manage the two carriers, transporting liquefied CO2 from industrial emitters, including the Norcem Brevik and Hafslund Oslo Celsio carbon capture facilities, to the Northern Lights CO2 receiving terminal in the Norwegian Øygarden. Afterwards, the CO2 will be pumped via a pipeline for permanent storage in a geological reservoir 2,600 meters under the seabed.

Northern Lights and K Line will jointly establish operational procedures for safely transporting liquefied CO2. The ships are classified by DNV and will be registered in Norway and operated under the country's flag.

The Northern Lights project is an incorporated general partnership with shared liability joint venture, equally owned by Equinor, Shell and TotalEnergies.

Photo: Northern Lights