Norway’s oil and natural gas production is expected to fall before 2030 unless investments are made to maintain output from Europe’s top supplier, the Norwegian Offshore Directorate (NOD) warned in an annual update.

Offshore view of the Sleipner natural gas field in the North Sea, showing interconnected production platforms and processing facilities operated by Equinor, a key supplier of Norwegian natural gas to European markets.

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At A Glance:

Investments forecast to fall 6.5%Oil, gas production could weaken2025 Norwegian output near record levels