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Boards of Directors

The power market and prices

The market price of power, which is determined each day on the Nord Pool Spot power exchange, is a result of supply and demand. Norway is part of a common Nordic power market and is integrated with the power market in Europe.

International cooperation on CCS

International cooperation is important in order to develop and commercialise CO2 capture, transport and storage (CCS) as an efficient climate tool. Norway cooperates with several countries through existing programs and institutions. Europe is an

The Energy Administration in Norway

The Norwegian Storting (parliament) determines the political framework for energy and water resources management in Norway. The Government has the executive authority through its various ministries.

Renewable energy production in Norway

In Norway, 98 percent of the electricity production come from renewable energy sources. Hydropower is the source of most of the production.

The History of Norwegian Hydropower in 5 Minutes

Modern Norway was built and industrialised when we started to utilize rivers and waterfalls to produce electricity. Hydropower is still the backbone of the Norwegian power system, and will remain so in the foreseeable future.

Power supply and the electricity grid

A secure and reliable power supply is essential in any modern society. Norway has an extensive electricity grid for the transmission of power from producers to consumers.

Wholly-owned companies

The Ministry of Energy administers the state's ownership of the companies Gassco, Statnett and Gassnova.

What is Carbon Capture and Storage (CCS)?

Why Carbon Capture and Storage (CCS)? CCS is short for carbon capture and storage and refers to the capture, transport and storage of CO₂. Carbon capture, utilisation and storage, or CCUS, is another term that is widely used. With CCUS, the CO2 is

Norway-EU energy cooperation

Norway has a close cooperation with the EU on energy issues, and is part of the internal energy market through the EEA agreement. The Ministry of Petroleum and Energy has regular contact with the Commission. The Norwegian Minister and the EU

Lawsuit over Gassled tariffs

Gassled is a joint venture which owns a majority of the gas transport system on the Norwegian Continental Shelf. The gas transport system consists of pipelines, platforms, onshore process facilities and receiving terminals abroad. Anyone who needs

Offshore wind - time line

In June 2020, the Solberg government opened two offshore areas for renewable energy production; Utsira Nord and Sørlige Nordsjø II in June 2021, the Ministry of Petroleum and Energy undertook a public consultation allowing for comment on the

Organisation

The principal responsibility of the Ministry of Energy is to achieve a coordinated and integrated energy policy. A primary objective is to ensure high value creation through efficient and environment-friendly management of Norway’s energy resources.

Applications for permits to store CO2 in the North Sea

The Ministry of Energy has received applications from six companies in connection with the announcement of three areas in the North Sea related to CO2 storage on the Norwegian continental shelf.

Awarding two new licences for CO2 storage on the Norwegian continental shelf

The Ministry of Energy offers two new exploration licences for CO2 storage on the continental shelf. Both licences are located in the North Sea.

APA 2024: 21 companies are applying for new exploration areas

The Ministry of Energy has received applications from 21 companies in connection with the announcement of the license round for the best-known exploration areas on the Norwegian continental shelf.

Oil and Gas

The petroleum industry is Norway's largest industry.

Ministry of Energy

The principal responsibility of the Ministry of Energy is to facilitate a coordinated and comprehensive energy policy. An overall goal is to ensure high value creation through efficient, safe, and environmentally friendly management of energy