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    Timms and Steensnaes sign up to enable key gas supply deals

    News // October 10, 2003
    UK Energy Minister, Stephen Timms has signed up to an agreement that has the potential to fulfill up to a fifth of the UK's annual gas demand.

    The deal will take a substantial step towards addressing and overcoming Britain's predicated reliance on imported gas in the latter half of the decade.

    Mr Timms met with his Norwegian counterpart, Einar Steensnaes in Oslo in late September to co-sign an agreement on principles that will be incorporatedin a new Framework Treaty for future cross-border oil and gas co-operation between the two countries.

    The agreement provides a firm basis for new investments by industry, most notably the proposed "Britpipe" project from the Ormen Lange field that will bring an estimated 20 bcm/pa (billion cubic metres per annum) from winter 2006/7 - some 20 per cent ofthe UK's current annual demand.

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