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It enjoys a close trade relationship with Germany, helping to fuel exports, and employment is rising.
The question of fossil fuel exports is much bigger than this policy.
With natural gas, these fuel exports fetched $190 billion last year.
The US has banned fossil fuel exports for 40 years but the policy was relaxed towards Mexico in August.
While Russia remains an important supplier to its traditional markets in Europe, a shift in its fossil fuel exports towards China and the Asia-Pacific gathers momentum.
In the mid-1970s the government nationalized Venezuelan iron ore, oil, and gas industries, and it then used earnings from fossil fuel exports to fund major infrastructure improvements and other public works.
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It might be regarded as some sort of sick joke that the Great Barrier Reef happens to nestle beside the heart of Australia's fossil fuel export boom.
It's perhaps also worth noting that that the pace of fossil fuel export emission growth in Australia is accelerating rather than contracting, in spite of a carbon tax and a resources tax.
"Ultimately we believe the refuse derived fuel export market is short to medium-term … we believe that it will increase over the next couple of years and then begin to step away", said Kristian Dales, director of sales at FCC Environment, a UK waste management firm.
The energy market in North America has, however, undergone a full transformation and neither energy independence nor the US as a fuel exporting country is an unrealistic assumption [1].
This means that there is the theoretical potential to exploit Norway's offshore wind reserves for hydrogen production to fit future hydrogen demands in Norway and perhaps even for export purposes to maintain Norway's status as a major fuel exporting country.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com