Norway ups the stakes on natural gas

Government increases investment in CO2-free gas power generation in 2005 budget proposal

The Norwegian government on Monday submitted budget proposals for 2005 featuring heavy investment in CO2-free natural gas power generation. Tax incentives to encourage the introduction of sulphur-free petrol and diesel are to be introduced.

Norway's "energy fund" to promote energy saving, renewables and natural gas will receive an additional NKr95m (€11m), up 17% . Its target for increased environment-friendly energy production and saving is being increased to 12 TWh per year by 2010, a 2 TWh increase over the previous target set in 2002.

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