2002 Budget - Ministry of Petroleum and Energy
Historisk arkiv
Publisert under: Regjeringen Stoltenberg I
Utgiver: Olje- og energidepartementet
Pressemelding | Dato: 11.10.2001 | Sist oppdatert: 21.10.2006
Press release
No.: 125/01
Date: 11.10.2001
Contact: Sissel Edvardsen, +47 22 24 61 09
2002 Budget – Ministry of Petroleum and Energy
The Government proposes total expenditures and income items amounting to NOK 17.8 billion and 107.6 billion respectively in the Ministry of Petroleum and Energy's budget. The most important measures will be related to the following:
- Increased onshore use of natural gas
- Development of technology for reducing emissions from gas-fired power plants
- Sustainable changes in energy use and production of energy
- Increased safety in landslide areas
- Internationalisation of the petroleum sector
- Improvement of safety level in the petroleum sector
-These measures indicate the Government's political direction when it comes to energy-related matters, states Olav Akselsen, Minister of Petroleum and Energy. Increased onshore use of natural gas and the development of emission-lowering technology will both be prioritised, as will changes in the way we use and produce energy. Completion of these tasks will lead to both environmental gains, as well as possibilities for developing new industries.
Increased onshore use of natural gas
One of the Government's main objectives concerning
energy related matters, is to increase the onshore use of natural
gas in Norway. An increase in onshore use and processing of natural
gas will lead to further industrial development. For 2002 the
Government proposes a grant of totally NOK 50 million to natural
gas infrastructure, an increase of NOK 30 million compared with
this year's budget. The allocation will secure the pilot project in
Bergen area as well as other projects. From 2002 Enova SF will
administer the grants for onshore use of natural gas.
Development of technology for reducing emissions from
gas-fired power plants
The Government wants to increase the development of
CO
2 reducing technology, in co-operation with other
countries. Both research and financial commitment are needed to
make the technology commercially available. The Government proposes
to grant NOK 35 million next year for this purpose, over the
budgets of the Ministry of Petroleum and Energy and the Ministry of
Environment. The Ministry of Petroleum and Energy will allocate NOK
20 million of this funding.
Sustainable changes in use and production of energy - Enova
SF
The establishing of Enova SF will facilitate the
co-ordinated work on environmentally friendly changes in energy use
and production. Enova will initiate a more efficient energy use,
production of new renewable energy and environmentally friendly use
of natural gas. Enova will be financed through an energy fund. This
fund will consist of state grants and tariffs. The yearly income of
the energy fund will be approximate NOK 470 million. The state
allocated funds are proposed to be NOK 269 million in 2002 and the
rest of the income will come from the electricity transmission
tariff. This tariff is currently at 0.3 øre/kWh.
Increased safety in landslide areas
The Government proposes to allocate approximately NOK
55 million for landslide preventing constructions along
watercourses. At least NOK 10 million from these funds will be used
in 2002 to escalate the program for increased safety in clay
landslide areas. The programme will include risk-analysis and a
system for monitoring areas where the anticipated risk of
landslides is particularly high. Based on the derived information,
maintenance of existing safeguarding installations and construction
of new ones will be conducted in a prioritised order.
Grants to museums
The Government proposes to grant NOK 1 million to
the Norwegian Petroleum Museum, and NOK 1,5 million to a hydropower
museum in Tyssedal.
Internationalisation of the petroleum sector
Internationalisation is important for the future of
the Norwegian oil and gas industry. To secure employment in the
supply industry, it is important for these companies to get access
to the growing international market. For the Norwegian oil
companies an increased international engagement is important.
The Government proposes to increase state grants for internationalisation of the petroleum sector, including support to Intsok and Petrad, from NOK 11 to 16 million, an increase of 50 per cent.
Improved safety level in the petroleum sector
The Government proposes a package of measures of NOK
20 million in next year's budget to improve the safety in the
petroleum sector. The Ministry of Petroleum and Energy and the
Ministry of Labour and Government Administration will administer
the grants.
The petroleum activity – SDFI
The State's net cash flow from the petroleum
operations is estimated to be approximately NOK 205.5 billion
in 2002. Of this, NOK 117.5 billion are taxes and fees, and NOK
88.4 billion are net payments from the SDFI and dividend from
Statoil. The State's share of removal costs is estimated to NOK 140
million. The operating cost for Petoro AS administering SDFI is
estimated to NOK 250 million.
The current oil price estimate is NOK 200 per barrel for 2002. SDFI's share of investments on the Norwegian shelf is estimated to approximately NOK 15.3 billion.
Statkraft SF and Statnett SF
The income from interests and instalments related to
the Ministry's loans to the state owned companies Statkraft and
Statnett, is estimated to NOK 1 050 million in 2002. The
expected dividend payments from the two companies amount to NOK
1 750 and 80 million for Statkraft and Statnett
respectively.