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Norwegian oil, gas, and LNG exporters face a critical compliance challenge as EU methane regulations take effect in 2027, requiring documentation of measurement, reporting, and verification systems equivalent to EU standards—regardless of whether Norway has implemented the rules domestically. Recent enforcement deferrals reduce penalties but not obligations, creating a complex regulatory landscape that demands immediate attention from producers navigating long-term supply contracts.

This update explores some high level trends and legal developments across some of Norway's key sectors that have an international impact.

Q1 2023 was not anticipated to be a buoyant start to the year, but the Norwegian economy has fared better than expected, with unemployment remaining low and Confederation...