UK Agrees Energy Partnership with Norway

Thursday, June 07, 2012

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UK Agrees Energy Partnership with Norway

UK & NORWAY - Prime Minister David Cameron and the Norwegian Prime Minister Jens Stoltenberg today (7 June) agreed a landmark energy partnership between the UK and Norway designed to secure affordable and sustainable long term energy supplies.

The Norway-UK Energy Partnership for Sustainable Growth heralds closer collaboration between the two countries across a wide range of energy activities, including safe and environmentally sensitive oil and gas extraction, long term gas supply, renewable energy investment, electricity interconnection and international climate change policy development.

Alongside this agreement UK and Norwegian companies have announced billions of pounds of new investment with the potential to create thousands of new jobs.

Commenting at a breakfast meeting attended by ten leading energy companies from the two countries, with combined annual revenues of more than ?400 billion, Prime Minister David Cameron said: "The jobs and investments announced today highlight how vital the strong relationship between Norway and the United Kingdom is for our energy security and economic growth. We look forward to strengthening our partnership further, driving investment into a diverse, sustainable energy mix that delivers affordable long term supplies for consumers."

One of the commercial announcements includes progress to build one of the world's longest subsea electricity interconnectors between the UK and Norway, which will enable the UK and Norway to share renewable energy resources, with each project worth over ?1 billion.

TheBioenergySite News Desk

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