Norwegians Invest as Much as Possible in Oil and Gas
Norwegian investment in oil and gas in the country will reach a record high of NOK 246.9 billion ($23.6 billion) this year and will remain high in 2025 due to a number of new developments as well as cost inflation, Reuters writes.
The previous record was recorded in 2014 at 224 billion crowns. For 2025, investments in the oil and gas industry are estimated at 215.8 billion kroons. However, this figure may be lower due to lower cost inflation and stabilization of the national currency.
Let us note that Norway’s strategy is clear, and, for example, the Russian Ministry of Energy shares it: increased investment in oil and gas projects in order to remove profits from them is necessary in the coming years. And then – according to the IEA, in 6 years – the demand for oil will begin to fall due to the “green” agenda, so reserves need to be monetized as soon as possible.
