David Cameron praises UK-Norway energy link-up
A new energy partnership between the United Kingdom and Norway
will help create more than 1,600 jobs and could secure affordable power
supplies for decades.
Prime Minister David Cameron and his Norwegian counterpart Jens Stoltenberg will formally announce the agreement in Oslo at a meeting with leading energy firms from both sides of the North Sea.
The deal is set to unlock investment worth tens of billions of pounds by energy firms in the UK, including the creation of 1,300 new jobs in Chiswick, West London.
The partnership with Norway will focus on affordable long-term gas supply as well as two-way investment in oil and gas exploration and the development of renewable technologies.
The Prime Minister described the delivery of sustainable energy supplies to meet ever-growing demand as "one of the most important challenges" the two nations face.
"Affordable, secure energy from trusted and reliable partners is critical to this," said Mr Cameron. "And there is no stronger energy partnership than between Britain and Norway."
In the past five years, British companies have invested £13 billion in Norwegian oil and gas while Norway now meets more than a quarter of the UK's entire energy needs, said Mr Cameron.
Norwegian companies are major investors not only in oil and gas but also in the £30 billion Dogger Bank offshore wind project, which is slated to provide more than a tenth of the UK's electricity.
The new deal will "take this vital relationship to the next level", Mr Cameron said.
"This will mean more collaboration on affordable long-term gas supply, more reciprocal investment in oil and gas and renewables, and - underpinning all of this - a set of major new business deals creating thousands of new jobs and adding billions to our economies."
One of the new investments was announced by oil services company Aker Solutions, which will create 1,300 jobs by 2015 at an engineering hub in Chiswick.
Mr Cameron said it was "a vote of confidence in the skill, expertise and professionalism of our engineering sector".
He added: "Their expansion here is testament to the increasing depth and strength of our partnership with Norway across the spectrum of energy issues which helps to ensure that we keep household energy bills as affordable as possible for families across the country."
Under the new UK-Norway deal, the two countries will establish a joint business advisory group so companies can talk to the Government directly on a regular basis, develop the supply chain and encourage new technologies such as carbon capture and storage.
Mr Cameron is the first British PM to visit Norway since Margaret Thatcher in 1986.
The magicians using online collaboration to push boundaries
Jennifer Lawrence attacks mass media again over body image
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
You can STILL be jailed for being a republican, government confirms, and it remains illegal to even 'imagine' overthrowing the Queen
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
Fighting back: the woman giving a voice (and 49,999 others) to the victims of sexism - by giving an airing to their horror stories
PM denies two child limit for benefits is part of Tory welfare policy
Ethan Couch: Texas quadruple murderer – or a victim of ‘affluenza’?
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 4 Christmas comes early: Justin Bieber announces he's 'retiring from music'
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
- < Previous
- Next >
£25000 - £32000 per annum: Harrington Starr: Junior Business Analyst - Banking...
£21999 - £27001 per annum + Benefits: Pro-Recruitment Group: Do you have exten...
£25000 - £35000 per annum + benefits + bonus: Harrington Starr: Business Analy...
£42000 - £51000 per annum + Benefits: Pro-Recruitment Group: Are You Receiving...