The refinery output for motor gasoline (excluding biofuel) in Norway is set to show a steady increase from 2024 to 2028. The values forecasted for 2024 to 2028 are as follows: 178.78 in 2024, 179.99 in 2025, 181.19 in 2026, 182.38 in 2027, and 183.55 in 2028, all expressed in thousand terajoules. In 2023, the output stood at 177.56 thousand terajoules, highlighting a consistent upward trend.
The year-on-year percentage variations from 2024 to 2025, 2025 to 2026, 2026 to 2027, and 2027 to 2028 are approximately: 0.68%, 0.67%, 0.66%, and 0.64%. Over the last two years, the refinery output witnessed an average increase of around 0.67% annually. The compound annual growth rate (CAGR) over the forecasted five-year period from 2024 to 2028 is approximately 0.66%.
Looking ahead, future trends to monitor include the impact of regulatory changes encouraging biofuel integration, technological advancements in refining, and market demand shifts. Additionally, global energy policies and oil price fluctuations could influence the refinery output in Norway. Monitoring these factors will help anticipate further development in the gasoline production landscape.
