Energy Reports

Norway energy report

Norway energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated Norway energy market data.

Norway energy report
Update: August, 2020
Format: 2 files (PDF report, Excel file)
Pages: 40 (Report only)
Delivery: Immediate by e-mail


Norway energy market report offers an incisive and reliable overview of the energy sector in Norway. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities.

  • Institutions & Energy Policy

    The Ministry of Petroleum and Energy (MPE) is responsible for energy policy and controls the oil and gas activities through three key departments - namely the Oil and Gas Department, the Climate, Industry and Technology Department, and the Energy and Water Resources Department - and three agencies: NPD, NVE and Enova (energy efficiency). The MPE also has direct control over the state-owned ...

  • Energy Companies


    About 270 companies are active in the electricity sector, most of which are state-owned; around 180 of those companies are involved in electricity production activities. This number is falling because of the mergers between distributors and small production companies. The federation of electricity companies, Energi Norge, brings together almost all the companies in the electricity sector.

  • Energy Supply


    Norway has important hydrocarbon reserves (226 bcm for natural gas and 1 176 Mt for oil, end of 2019), which are mainly located in the North Sea.

    Hydroelectric resources, currently estimated at 206 TWh/year, are already largely developed (approximately 60%) and part of that potential is considered as an ecological patrimony (23%).

    According to NVE, the offshore wind potential is ...

  • Energy Prices


    Electricity prices are around 45% below the EU average. They are driven by hydropower generation levels which, in turn, influence the electricity wholesale price on Nord Pool.

    The tax on electricity was raised by 13% in 2016 to NOK 16/MWh (€2/MWh).


  • Energy Consumption

    Total energy consumption per capita is almost twice the EU average (5.1 toe), driven by an electricity consumption per capita that is four times the EU average and the highest in the world, at 23 250 kWh (2019).

    The country's total energy consumption remained stable at normal climate between 2012 and 2017 (around 28-29 Mtoe), but has been decreasing by 3%/year since then; actual ...

  • Issues & Prospects

Download the Table of Contents

In the Norway market report you will find the graphs mentioned below:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2019, %)
  • GRAPH 9: Final consumption market share by sector (2019, %)
  • GRAPH 10: Oil consumption (Mt)
  • GRAPH 11: Oil consumption breakdown by sector (2019, %)
  • GRAPH 12: Electricity consumption (TWh)
  • GRAPH 13: Electricity consumption breakdown by sector (2019, %)
  • GRAPH 14: Natural gas consumption (bcm)
  • GRAPH 15: Gas consumption breakdown by sector (2019, %)
  • GRAPH 16: Coal consumption (Mt)
  • GRAPH 17: Coal consumption breakdown by sector (2019, %)

In the Norway market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Norway market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2019 Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Norway Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Norway energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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