Statkraft, Norske Skog Ink Multi-Year Power Supply Deal

Posted by Michelle Howard
Thursday, December 6, 2018

Statkraft and Norske Skog Skogn AS and Norske Skog Saugbrugs AS have entered into new long-term industrial power supply agreements for the period from December 1, 2018 to December 31, 2026. 

The total delivery will be about 14 TWh, with annual deliveries of approximately 900 GWh to each mill.

The contracts will contribute to the supply of power to Norske Skog's paper mills in Skogn and Halden, and will replace previous contracts between Statkraft and Norske Skog.

"The new contracts improve the competitiveness of our two major plants in Norway, and will at the same time be a contribution to ensuring important jobs in the processing of Norwegian raw materials. In a paper market with steadily falling demand, only mills with the lowest cost position and the most efficient operation will survive. Therefore, we are also dependent on improving the Norwegian political framework conditions and ensuring favorable purchasing terms from other suppliers to Norske Skog," says Niels Petter Wright, CEO of Norske Skog.


Categories: People & Company News Contracts Finance Fuels

Related Stories

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

Eni Strengthens LNG Ties with Japan

CNOOC Starts Production from Deepwater Gas Project in South China Sea

Equinor Pulls Out of Vietnam's Offshore Wind Industry

Izomax Wins a Milestone Contract with Shell

Profit Decline, Reserves Downgrade Drag Beach Energy to 2.5-year Low

Current News

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com