On Wednesday 21 May, the European Commission adopted a delegated act specifying the identification and calculation rules that will apply to the 44 European oil and gas producers required to provide new CO2 storage solutions by 2030.
These entities represent a combined crude oil and natural gas production of 95% of the volume of crude oil and natural gas produced in the European Union over the period from 1 January 2020 to 31 December 2023.
The EU has set a target of 50 million tonnes of...