Norway is holding elections Monday as the government controlled by the center-left Labor party with Prime Minister Jonas Gahr Store faces a potential upset by the right-wing Progress Party led by Silvi Listhaug.

OSLO (Reuters) -Norwegian Prime Minister Jonas Gahr Stoere won a second term in office in a closely-fought parliamentary election after surviving years of turmoil in his cabinet and a rebellion in his ruling Labour Party to stay in power.

The outcome could have an impact on energy and power supplies to Europe as well as the management of Norway's $2 trillion sovereign wealth fund.

Incumbent Prime Minister Jonas Gahr Støre's Labour Party has emerged as the strongest force in Norway's parliamentary election, according to preliminary results late on Monday. Labour received 28.

Norwegians are heading to the polls in the main day of voting for a new parliament, after a campaign in which the future of a wealth tax that dates to the late 19th century has been a central issue

Norway’s Prime Minister Jonas Gahr Store declared victory in a close election where his Labor Party played to voters’ fears of uncertainty regarding taxation and welfare policies.

The Labour Party of incumbent Prime Minister Jonas Gahr Støre has emerged as the strongest force in Norway’s parliamentary election, according to initial results on Monday evening. Labour received 28% of the vote,