Norway stands to gain NOK 1.9trn (EUR 200bn) next year, and NOK 4.9trn (EUR 510bn) in 2024, as the nation’s oil and natural gas industry benefits from the world’s ongoing energy crisis, reports domestic media E24 in reference to new figures from Nordea.

Such revenue levels, however, are contingent upon currently high oil and gas prices holding steady – a premise that’s needless to say wholly uncertain.

Nordea deems that Norway’s fuel revenues could tally to NOK 1.5trn already this year. For comparison, the state gathered then-record revenue totaling NOK 830bn last year.

Earlier in 2022, the Norwegian state estimated that its petroleum income would sum to NOK 933bn.

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