24 April, 2023 – The Northern Endurance Partnership, which plans to develop the onshore and offshore CO2 transportation and storage infrastructure which will enable the world leading East Coast Cluster (ECC) carbon capture and storage project, confirms changes to its equity partner structure.
As part of the changes, National Grid Ventures (NGV) and Shell have relinquished their equity holdings in the Northern Endurance Partnership and have left the NEP. Existing NEP partners bp and Equinor have acquired the equity holdings of NGV and Shell. The Northern Endurance Partnership now comprises bp, Equinor and TotalEnergies.
In addition, NGV are in commercial discussions with NEP partners on the sale of the Humber onshore pipeline proposals. Subject to completion of the discussions, NGV will transition the Humber onshore CO2 system assets to the NEP which will continue to serve carbon capture projects across Teesside and the Humber. bp, currently the operator of the NEP Teesside onshore CO2 transportation system and the NEP offshore CO2 transportation and storage system would assume sole operatorship of the full, end-to-end NEP CO2 T&S system.
NGV’s decision to leave the NEP is part of National Grid’s broader strategic focus on the company’s existing UK portfolio, in which they are investing more than £15bn by 2026 to integrate renewables and deliver net zero.
Shell have withdrawn from the NEP to focus efforts on the Acorn Project, of which Shell are Technical Developer and where Shell believes it can have the most impact in decarbonising the UK.
National Grid Ventures and NEP partners bp, Equinor and TotalEnergies are committed to managing a smooth transition in the best interests of the East Coast Cluster and our partners and stakeholders across both Teesside and the Humber.
Andy Lane, MD Northern Endurance Partnership, said: “We thank National Grid Ventures and Shell for their work to date on the Northern Endurance Partnership. NEP partners are in the advanced stages of commercial discussions to acquire National Grid Ventures holdings in the Humber onshore pipeline system. Upon completion of the discussions, we will work together on a seamless transfer of operatorship on behalf of the NEP”.Back to home