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Espen Barth Eide, leader of the Norwegian parliament's energy committee, said on Wednesday that the planned private submarine power cable NorthConnect between Norway and Scotland could be cancelled
as Norway passed the EU's latest energy legislation.
According to the original plan, the 655-kilometer-long submarine high-voltage direct current cable project will be put into operation
by 2023.
Espen Barth Eide also said that if the €2 billion project goes ahead, it will need to be transferred to state-owned grid company Statnett
.
For political reasons, Norwegian Labour agreed to support the government's vote to approve the latest EU energy legislation, but demanded concessions to ensure Norway's energy sovereignty, including allowing only state-owned power cables
to be built.
The current owners of NorthConnect are Norway's Agder Energi, Lyse and E-CO and Sweden's Vattenfall
.
Eide said that even if Statnett did take control of the project, the cable project would be delayed
.
"In any case, NorthConnect will be later than originally planned, which will be years, and first we will evaluate the Statnett cable that is under construction," he said
.
Another Labour demand is to delay the decision to build any future cables until Statnett completes its current project
to connect the UK and Germany.
Eide said that after these are built, their impact will be assessed so that only then can the Norwegian state decide to adopt other cables
.
There are concerns that if the UK no longer has a say in EU regulation of networks and power trading, the UK plans to increase its electricity links with Europe to avoid an impending power shortage
.
With coal-fired power stations closed and oil and gas production declining, the UK faces a crunch
in energy supply through early 2020.
To help increase supply, the UK plans to build new grid interconnections with France, Denmark, Belgium and Norway to provide up to 14 GW of additional capacity
.
Currently, it provides about 4 GW of capacity
with four grid interconnection systems in Europe.
But if the UK leaves the EU, it may have to leave the internal energy market (IEM)
established by the EU to harmonize energy use across the EU.
Espen Barth Eide, leader of the Norwegian parliament's energy committee, said on Wednesday that the planned private submarine power cable NorthConnect between Norway and Scotland could be cancelled
as Norway passed the EU's latest energy legislation.
According to the original plan, the 655-kilometer-long submarine high-voltage direct current cable project will be put into operation
by 2023.
Espen Barth Eide also said that if the €2 billion project goes ahead, it will need to be transferred to state-owned grid company Statnett
.
For political reasons, Norwegian Labour agreed to support the government's vote to approve the latest EU energy legislation, but demanded concessions to ensure Norway's energy sovereignty, including allowing only state-owned power cables
to be built.
The current owners of NorthConnect are Norway's Agder Energi, Lyse and E-CO and Sweden's Vattenfall
.
Eide said that even if Statnett did take control of the project, the cable project would be delayed
.
"In any case, NorthConnect will be later than originally planned, which will be years, and first we will evaluate the Statnett cable that is under construction," he said
.
Another Labour demand is to delay the decision to build any future cables until Statnett completes its current project
to connect the UK and Germany.
Eide said that after these are built, their impact will be assessed so that only then can the Norwegian state decide to adopt other cables
.
There are concerns that if the UK no longer has a say in EU regulation of networks and power trading, the UK plans to increase its electricity links with Europe to avoid an impending power shortage
.
With coal-fired power stations closed and oil and gas production declining, the UK faces a crunch
in energy supply through early 2020.
To help increase supply, the UK plans to build new grid interconnections with France, Denmark, Belgium and Norway to provide up to 14 GW of additional capacity
.
Currently, it provides about 4 GW of capacity
with four grid interconnection systems in Europe.
But if the UK leaves the EU, it may have to leave the internal energy market (IEM)
established by the EU to harmonize energy use across the EU.
