Norway is the world’s 58th-largest producer of natural gas and the country’s output increased by 11% in 2022, over 2021. The country accounts for 47% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in Norway in its report, Norway Exploration & Production, 2022. Buy the report here.
Over the five years to 2022, production from Norway increased by a CAGR of 1% and is expected to drop by a CAGR of 4% between 2023 and 2027.
The largest producers of natural gas in Norway are Equinor, Petoro and TotalEnergies. Equinor was the largest producer of natural gas in 2022 with output up by 11% on 2021.
Petoro was the second-largest producer, with output up by 8%, and TotalEnergies was third with an increase of 27% on the previous year.
There are 26 natural gas producing fields in Norway of which 14 are located offshore and the rest onshore. The North Sea has the majority of the natural gas fields in the country with 15.
For more detailed analysis of natural gas sector in Norway, buy the report here.