British Prime Minister David Cameron has signed a deal with Norway’s PM Jens Stoltenberg in Oslo to ensure the UK continues to have access to Norwegian energy supplies.

The agreement is designed to create 1600 jobs and ensure that Britain can continue to depend on Norway, which meets a quarter of Britain’s energy needs, for secure and affordable energy supplies well into the future, according to the Guardian.

David Cameron and Jens Stoltenberg

The Anglo-Norwegian energy agreement is also set to lead to an increase in investment in renewable energy. Norwegian companies have invested heavily in the world’s largest offshore windfarm at Dogger Bank, the £30bn scheme designed to provide more than a tenth of Britain’s electricity.

For more policy and regulation news