Association Webinars: Nordic Energy: Petroleum and Electricity



One characteristic of the Nordic region’s energy profile is its fully integrated electricity market based on mostly hydro power (Norway 100 % hydro) and nuclear (Sweden and Finland), which makes emission cuts in the sector challenging. To achieve national emissions goals, cuts in other sectors have to be proportionally tougher. This is discussed by professor Gunnar S. Eskeland.

The other main characteristic of Nordic energy is that Norway is a major petroleum producer and exporter. After 50 years of off-shore production, Norway’s production has yet to peak, not least owing to high natural gas export. Deputy Director General Lars-Tarald Kvam is discussing this sector’s outlook in a world of carbon emission cuts.

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Bjorn S. Brochmann, former chairman of the Norwegian Association of Energy Economics


Lars-Tarald Kvam

The Norwegian petroleum sector: Medium-term growth - but what's the longer term outlook?

The presentation will give an update on petroleum activities on the Norwegian Continental Shelf (NCS); impact on the national economy, organization - division of roles public and private sector, longer-term outlook and perspectives, natural gas network and export, environmental footprint and the NCS' role in energy transition.

Lars Tarald Kvam is Deputy Director General at the Norwegian Ministry for petroleum and energy.

Prior to this he was 9 years with Statoil / Equinor (head of business development Canada, overlooking Statoil’s engagement in various African countries, market analyst and chief of staff).

Before entering Statoil, Lars Tarald was 5 years with the Ministry of petroleum and energy as an advisor.

Lars Tarald Kvam has an MBA from the Norwegian Business School (NHH) with additional education in economics, environmental policy and politics from Italy and France as well as studies in Russian

Gunnar S. Eskeland

The integrated Nordic electricity market; paths to decarbonization

For electricity, the region is about self-sufficient (as are most countries), is fairly low in its carbon intensity, with Norway at an extreme end of fully renewable. Eskeland emphasizes the role an integrated electricity market plays, and how a country with zero emissions in power generation pushes for decarbonization. Two avenues towards decarbonization for Norway, perhaps surprisingly, are i) electrification in sectors such as transport and petroleum extraction, ii) proposed carbon capture and storage in cement production and municipal waste combustion.

Gunnar S. Eskeland is professor of economics, PhD, at Norwegian School of Economics (NHH) and Research Manager at the ENE and NTRANS Research Centers.

Formerly at senior positions at The World Bank’s Research Department and CICERO Center for Climate Change, he has worked on energy and environmental policy on four continents, often with applications in energy and transport sectors. Lately often working on transition related to climate change, work has focused on electricity and transport, and the latter especially road vehicles, urban areas and international maritime shipping.

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Event Date: November 30, 2020

Event Time: 10:00 - 11:00 AM Eastern Time

Topic: Nordic Energy: Petroleum and Electricity

Moderator: Bjorn S. Brochmann

Price: FREE for IAEE Members

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