Annual CO2 tax resolution

Increase of the CO2 tax for 2019, pursuant to the Storting's resolution of 12 December 2018.

The CO2 tax for 2018 is increased from NOK 1.06 to NOK 1.08 per standard cubic metre of gas and for CO2 that is separated from petroleum and released to the air, as well as from NOK 1.06 to NOK 1.08 per litre of oil or condensate.

For 2019, it has been decided that the fee is NOK 7.41 per standard cubic metre for natural gas that is released to the air (cold vented).

As regards reporting and calculating CO2 tax to the Norwegian Petroleum Directorate, it is important that the basic forms clearly identify which volumes are to pay tax at the high rate.