Energy Transition Outlook Norway 2025

The latest forecast for Norway’s energy transition. Get detailed analysis of how growing electrification demand outpaces new power capacity, the effect of rising power demand from data centers, the decline of oil and gas exports, and whether Norway is on track to reach its emissions reductions targets

Request a copy

Complete this form to get access to the Energy Transition Outlook Norway 2025

First name

Last name

Company name

Job title

Country

By completing this form, I confirm that I have read the privacy statement and understood and accept the terms of use.

I would like to receive informational emails with related content in the future from DNV, for example but not limited to invitations to webinars, seminars, newsletters, or access to research that DNV thinks is relevant to me. I can unsubscribe or change my email preferences at any time using the links in the footer of the emails I receive from DNV.

Selected highlights

Electricity demand from data centres, energy-intensive industry, oil and gas electrification, and EV charging is growing much faster than new supply.
Norway faces a power deficit from the early 2030s, with annual net imports of up to 5 TWh by 2033. Onshore and offshore wind are the only commercially mature, scalable way to add capacity fast enough and at acceptable cost.
Norway currently supplies around 30% of Europe’s natural gas and will remain the preferred supplier. However, due to Europe’s decarbonization pathway, production on the Norwegian continental shelf is set to almost halve by 2040 and fall to 80% by 2060.
Norway is not on track to achieve stated climate targets. With domestic emission cuts lagging European peers, extensive use of offsets and international credits are required to close the gap.

The report describes DNV’s view of the most likely development of Norway’s energy future. It is the sixth year we publish this forecast for Norway, building on DNV’s independent, global model of the world’s energy system. The report is created by DNV’s research department with wide consultation and input from across all energy sectors.