Does Norway have energy security?

Norway is not dependent on the import of any energy source and, hence, energy security in Norway does not relate to security of supply but rather broader energy security: the operation of hydropower plants and the potential disruptions they may face, either from hybrid attacks or weather events.

Does Norway have an energy security nexus?

Prior to 2022, Norway had barely considered the energy–security nexus due to substantial domestic energy supplies. Some interconnections were, however, visible via three cases: the economic security provided by oil and gas exports, security of hydropower infrastructure, and internal tensions around wind power.

Is stationary energy storage a good idea in Norway?

Electric cars now account for 79 per cent of new cars sold in Norway, and the MS Medstraum was recently launched as the world’s first electric fast ferry. In a global report on lithium-ion batteries, Norway ranked first in sustainability. These are impressive records. Even so, stationary energy storage is beginning to steal the limelight.

Why does Norway have a large storage capacity?

The large storage capacity makes it possible to even out production over years, seasons, weeks and days, within the constraints set by the licence and the watercourse itself. Norway has a sound power balance and high power trading capacity, and therefore enjoys high energy security in the power system.

Why is Norway important to European energy security & global stability?

More broadly, and especially since 2022, the Norwegian fossil fuel production has also been argued to be important for European energy security and global stability: “As a reputable and reliable producer, Norway has played a stabilising role in the world’s oil and gas supply, particularly in meeting European demand” (IEA, 2022, p. 137).

Does Norway have a security of supply?

Security of supply was very rarely discussed by the interviewed experts in Norway prior to 2022. When it was mentioned, it was mainly in the context of electricity (as opposed to the defence sector security of supply, which pertained to oil and petroleum products).