The volume of oil pipeline transport in Norway stood at 35.66 million metric tons in 2023. The forecasted data indicates a slight decline over the next five years. In 2024, it is expected to be 35.59 million metric tons, followed by 35.51 million metric tons in 2025, 35.42 million metric tons in 2026, 35.34 million metric tons in 2027, and 35.27 million metric tons in 2028. This results in a year-on-year variation of approximately -0.22% between 2024-2025, -0.26% between 2025-2026, -0.23% between 2026-2027, and -0.20% between 2027-2028. The average annual decline over the five-year period (CAGR) is around -0.22%.
Future trends to watch for include the adoption of alternative energy sources, regulatory changes, technological advancements in pipeline infrastructure, and global oil demand fluctuations. These factors could significantly impact the volume of oil pipeline transport in Norway in the coming years.
