Let's Talk About Norway – And Natural Gas

In today's global energy economy, do you know what we do not talk about enough? Norway. That's right...Norway.

It turns out I am not the only one who thinks this – the U.S. Energy Information Administration ("EIA") featured a Today in Energy on Norway this week.

Many people in the U.S. do not realize what a hitter Norway is for Europe in the energy industry.

• Takeaway: Norway is a heavy hitter.
• Side Note: Norway is not a member of OPEC.

In fact, last year Norway hit record natural gas exports for the country – reportedly exporting 115 billion cubic metres (bcm).  Norway was reportedly the third-largest exporter of natural gas in the world after Russia and Qatar as of 2013 and currently contributes about 4% of all non-OPEC oil production.