Europe / Caspian / CIS

Faroe Islands flag
Summary | Profile

Country profile: Faroe Islands

Location: Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about half way between Iceland and Norway
Climate: mild winters, cool summers; usually overcast; foggy, windy
Terrain: rugged, rocky, some low peaks; cliffs along most of coast
Size: 1399 sq. km total (Land area: 1399 sq. km )
Population: 48,668 (July 2008 est.)
Languages: Faroese (derived from Old Norse), Danish
Government: N/A part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948
Capital city: Torshavn
Legal system: the laws of Denmark, where applicable, apply
Currency: Danish krone (DKK)
Licensing:

Country profile

The population of the Faroe Islands is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. A high degree of self government was attained in 1948.

Energy production and consumption


Oil Gas
Production:    
Consumption: 4,600 bbl/day (2005 est.)  
Exports:    
Imports: 4,580 bbl/day (2005 est.)  
Reserves:    
Major fields:



Faroe Islands - recent news

01 Dec 20
Faroes: Minesto reaches historic milestone - delivers first tidal energy to the Faroese grid
As a part of the ongoing commissioning work of its DG100 tidal kite system Vestmannasund, Faroe Islands, leading marine energy developer Minesto has reached the milestone of delivering electricity to the Faroese grid facilitated by the Power Purchase Agreement with the utility company SEV.
12 Jul 19
Faroes launches 5th Licensing Round to run in conjunction with the 32nd UK Licensing Round
The Faroese Geological Survey has announced the launch, on 11th July 2019, of the 5th Licensing Round, which will be run in conjunction with the 32nd UK Licensing Round. Both rounds will be open for 120 days.

Faroe Islands - more news

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