Good reasons to be optimistic
Troll is the largest gas discovery made on the Norwegian continental shelf (NCS) by far, and currently supplies as much as seven per cent of Europe’s total need for gas. This is the equivalent of the power consumption of more than 50 million European households. In comparison, there are less than 2.5 million households in Norway.
Incredibly enough, after nearly 25 years of production, more than half of the Troll gas is still in place, and this is one of several good reasons for us to be optimistic about the next 25 years as well.
Because the energy equation can't be solved without gas:
The global population keeps growing, and we are all using more and more energy. At the same time, we're moving toward a low-carbon society. This means that the world needs Norwegian gas if we're going to have enough energy in the years to come. This is because renewable energy sources like solar and wind are dependent on the right weather to generate power.
So what happens when the sun isn't shining and the wind isn't blowing? Well, then Europe needs gas.
But the gas from Troll is also important in Norway.
Troll is the cornerstone of Norway’s gas exports, accounting for almost one-third of our gas deliveries.
So far, Troll has sent gas worth more than NOK 1,100 billion to Europe.
"Feat of the century"
As the first installation on the NCS, Troll A was electrified with power from shore from the very start. This has resulted in very low emissions from production. In addition to being the world's largest offshore gas platform, it was also the heaviest mobile man-made structure when it was built in the mid-1990s. Troll A was actually named the "century's greatest feat of Norwegian engineering" in 1999.
What would be the feat of the century these days?
Many would say succeeding in the energy transition.
The energy transition is a gradual pivot to energy sources, products and services that together have fewer negative consequences for the climate and the environment.
According to the European Commission, the energy transition can be achieved by turning the current climate and environmental challenges into opportunities for sustainable economic growth and development. This is the basis for the European Green Deal, which is Europe’s joint strategy to be the first net-zero continent by 2050.
Once Europe bands together to achieve net-zero by 2050, what role will Norwegian gas play moving forward? Because, eventually, all fossil fuels have to be removed from the energy mix.
Other stories about our role in the energy transition:
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