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Since Russia invaded Ukraine, EU Member States have made serious efforts to reduce their dependence on Russian energy imports. To broaden the range of energy suppliers, the European Commission and the Member States' national governments have signed new agreemBriefing - EU energy partnerships: Norway - 27-09-2023
Since Russia invaded Ukraine, EU Member States have made serious efforts to reduce their dependence on Russian energy imports. To broaden the range of energy suppliers, the European Commission and the Member States' national governments have signed new agreements with non-EU countries and strengthened their pledges with existing partners. Norway is the world's fifth largest oil and third largest natural gas exporter, accounting for 2 % of global crude oil production and 3 % of global natural gas production. Norway covers 92 % of its electricity generation with renewable energy (hydropower) and is highly electrified. The government is investing heavily in energy research and innovation to meet its commitments under the Paris Agreement by 2030. Norway is part of the European Economic Area. In June 2022, the EU and Norway signed a joint statement pledging to step up their cooperation in order to secure their energy independence and improve the EU's resilience. The statement focuses on gas supply from Norway to the Member States and on developing cooperation on renewable energy, carbon capture research, and hydrogen. Source : © European Union, 2023 - EP Read more