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Tuesday, July 16, 2024

Norway and Ukraine Sign Energy Cooperation Agreement

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Russia’s war of aggression against Ukraine has left large parts of the country’s energy infrastructure in ruins. In response to this crisis, Norway and Ukraine have signed an energy cooperation agreement this week.

The agreement was signed by Norwegian Minister of Trade and Industry Cecilie Myrseth and Ukraine’s Minister of Energy Herman Halushchenko in Berlin on Monday, June 10. The signing of the agreement signifies a commitment from Norwegian businesses to aid in the recovery and rebuilding of Ukraine.

“Norwegian businesses are committed to the recovery and rebuilding of Ukraine, and are eager to take on an active role. President Zelensky has emphasized that Ukraine wants a closer cooperation with Norwegian businesses. This is a message the Norwegian government cannot and will not ignore. We will contribute to facilitating a close and constructive cooperation between authorities, businesses, and civil society with Ukraine,” says Minister Myrseth.

The Memorandum of Understanding between Norway and Ukraine covers key areas of the energy sector, such as gas, renewable energy, networks, and the operation of power markets. These are areas where Norway has expertise and a strong business sector.

“I am pleased that this can be useful in Ukraine. The agreement will be a good supplement to other efforts, including donations of technical equipment that Norwegian power and grid companies have contributed since 2022,” says Minister of Energy Terje Aasland.

The agreement also covers a wide range of topics, including renewable energy, energy efficiency, and smart digital solutions for the green energy transition and to strengthen energy security. This cooperation aims to provide Ukraine with the urgent support it needs for its energy sector amidst the ongoing conflict.

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