Power from shore is the only technology that can deliver cost-efficient cuts that can get the industry close to this target,” Deputy Oil and Energy Minister Tony C.
There’s a practical problem with the plan.
Statnett’s recommendation was a rude awakening for the oil industry, which has made Norway one of the richest countries in the world.
On Norway’s west coast, Equinor and its partner Aker BP are waiting to hear whether the power regulator NVE will back their proposal to connect drilling platforms at the so-called NOAKA area, the largest oil and gas project in the North Sea after Sverdrup.
Renewable power demand in Norway is set to increase from an average 135 terrawatt-hours during the last five years to between 170 and 190 TWh by 2030, a recent report by Norwegian industry lobby group NHO and the country’s biggest labour union LO showed.
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