Key Market Indicators
Norway's energy consumption is expected to reach 2.1 exajoules by 2026, a 0.4% year-on-year increase from 2021. This rate has been on the rise since 1970, with an average yearly growth of 0.5%. Norway ranked 37th in 2021, with Iraq overtaking it with 2.04 exajoules. The United States, India and Russia, meanwhile, came in 2nd, 3rd and 4th respectively. Norwegian energy supply is set to drop to 26.6 million tonnes of oil equivalent by 2026, a 0.5% year-on-year decrease from 2021. This rate has been decreasing since 1965, at an average rate of 0.9% per year. Norway was 54th in 2021, with Turkmenistan overtaking it with 26.94 million tonnes of oil equivalent. The United States, India and Russia were 2nd, 3rd and 4th respectively.
Norway Energy Market Data and Forecasts
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