Key Market Indicators
Norwegian energy consumption is projected to reach approximately 2.02 exajoules by 2028, marking a modest average annual growth rate of 0.1% from its current level of 2 exajoules in 2023. Since 1970, Norway has experienced an average yearly increase of 0.2% in energy demand. In the global rankings for 2023, Norway holds the 41st position. Notably, Uzbekistan has surpassed Norway with an energy consumption of 2 exajoules. Leading the global energy consumption rankings, the United States, India, and Russia occupy the second, third, and fourth positions, respectively.
