David Cameron was the first British Prime Minister to visit Norway in 26 years, when he made his recent trip to finalise an energy deal between the two nations with his counterpart Jens Stoltenberg.
Despite all the renewable energy intentions that the UK government may profess to have it is clearly going to rely on oil and gas for the next decade or so. The new agreement will create over 1,600 jobs and ensure the steady, cheap supply of oil and natural gas for UK energy demands.
The deal also mentioned an increase in renewable energy investment between the two countries. Norwegian companies have heavily invested in the world’s largest offshore windfarm at Dogger Bank; costing $30 billion, it will provide more than ten percent of the UK electricity demand.
Cameron announced that, “there is no stronger energy partnership than between Britain and Norway. In the past five years, British companies have invested more than £13bn in Norwegian oil and gas.