Norway Key Figures
- Population:
- 5.41 million
- GDP growth rate:
- 3.92 %/year
- Energy independence:
- 100%
Data of the last year available: 2021
- Total consumption/GDP:*
- 81.5 (2005=100)
- CO2 Emissions:
- 6.98 tCO2/capita
- Rate of T&D power losses:
- 6.55%
* at purchasing power parity
View all macro and energy indicators in the Norway energy report
Norway Related News
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Norway Related Research
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Total Energy Consumption
Total energy consumption per capita reached 5.5 toe in 2021, almost double the EU average. This was driven by an electricity consumption per capita that is over four times the EU average and the highest in the world, at 23 500 kWh.
The country's total energy consumption remained stable at normal climate between 2014 and 2018 (around 29 Mtoe) before decreasing by 3.6%/year until 2020 and rebounding in 2021 (+6.2%) to 30 Mtoe. Actual consumption has strong fluctuations according to weather conditions, as electricity is the main energy source for space heating.
Interactive Chart Norway Total Energy Consumption
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View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Norway energy report
Crude Oil Production
Between 2016 and 2019, oil and NGL production declined by 4%/year. However, with the start of operations at the Johan Sverdrup field in 2019, it increased significantly in 2020 (+18%) and in 2021 (+3.4%), reaching 96 Mt. Production reached a peak of 163 Mt in 2001. Over the last 50 years, about half of the estimated total recoverable resources on the continental shelf have been produced.
The country's largest oil fields in terms of remaining reserves are Johan Sverdrup (2.2 Gbl at the end of 2021), Johan Castberg (560 mbl), Snorre (464 mbl), and Ekofisk (271 mbl).
Interactive Chart Norway Crude Oil Production
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Additionally, for more detailed information on refineries, you can request a sample of our EMEA Refineries Dataset
Oil Products Consumption
Oil product consumption, which declined by 1.2%/year on average between 2007 and 2017, has recovered since then, reaching 8.8 Mt in 2021 (+4.9% in 2021 after a 4.5% drop in 2020).
Graph: OIL CONSUMPTION (Mt)
Transport represents 45% of the total oil consumption, non-energy uses 21%, the hydrocarbon sector 14%, and industry 10% (2020).
Graph: OIL CONSUMPTION BREAKDOWN BY SECTOR (2021, %)
Interactive Chart Norway Refined Oil Products Production
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Additionally, for more detailed information on refineries, you can request a sample of our EMEA Refineries Dataset
Natural Gas Consumption
Natural gas consumption increased by 1.5%/year between 2013 and 2019 and has been declining since then, by 6% in 2020 and by 4.5% in 2021 to 5.6 bcm.
Graph: NATURAL GAS CONSUMPTION (bcm)
Around 80% of the gas is used in the hydrocarbon sector (82% in 2021).
Graph: GAS CONSUMPTION BREAKDOWN BY SECTOR (2021, %)
Interactive Chart Norway Natural Gas Domestic Consumption
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Additionally, for more detailed information on the LNG trade, you can request a sample of our EMEA LNG Trade Dataset
Coal Consumption
Coal consumption is relatively low and has remained roughly stable since 2010, at 1-1.2 Mt/year. Coal is mainly used in the metallurgical industry, that represents more than 90% of the demand (95% in 2021).
Graph: COAL CONSUMPTION (Mt)
Graph: COAL CONSUMPTION BREAKDOWN BY SECTOR (2021, %)
Interactive Chart Norway Coal and Lignite Domestic Consumption
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View the detailed consumption trends at country level (graphs, tables, analysis) in the Norway energy report
Power Consumption
Electricity consumption grew by 3.2% to 127 TWh in 2021, spurred by industry (+5.3%), after two years of decline. Previously, it had been following an upward trend, increasing by 1.8%/year between 2015 and 2018.
Graph: ELECTRICITY CONSUMPTION (TWh)
Industry accounts for 39% of the electricity consumed, followed by the residential sector (39%) and services (20%) (2021).
Graph: ELECTRICITY CONSUMPTION BREAKDOWN BY SECTOR (2021, %)
Renewable in % Electricity Production
Norway and Sweden have a common green certificate market since 2012 with the target of raising electricity generation from renewables by 28.4 TWh (equally divided between the countries) over 2012-2020. This renewable obligation contributes to the combined target of 40 TWh of renewables and energy savings in 2020. In late 2020, Sweden announced plans to add another 18 TWh of new renewable power by 2022 under the common green subsidy scheme. The program was closed to new participants in January 2022 and the system should close in 2035.
Interactive Chart Norway Share of Renewables in Electricity Production (incl hydro)
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Learn more about renewables in the European Battery Market Analysis
CO2 Fuel Combustion/CO2 Emissions
In its updated NDC (November 2022), Norway increased its 2030 GHG emission reduction target from 50% to at least 55% from a 1990 baseline; the target doesn't include land use, land-use change and forestry (LULUCF), and puts Norway in line with the EU's goals of cutting emissions by 55% between 1990 and 2030. Consequently, Norway's GHG emissions should reach 23 MtCO2eq in 2030.