UK-Norway energy deal to create 1,600 UK jobs

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New energy projects will help boost UK's economy


New energy projects will help boost UK’s economy

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Over 1,600 jobs will be created in the UK as part of an initiative to secure the nation’s long-term energy supply, according to prime minister David Cameron’s speech in Oslo yesterday.

The UK-Norway energy partnership, a bilateral agreement between the UK and Norway, will focus on strengthening the energy links between the two countries, with the goal of ensuring a secure and affordable energy supply for both countries into the future.

At the heart of the partnership will be a joint business advisory group to find ways to incentivize investment and encourage innovative energy technologies.

The executives of ten major energy companies, worth a combined £400 billion, are set to take part in the initiative, working together on issues such as environmentally sensitive oil exploration, electricity interconnection, and stable long-term oil and gas supplies.

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