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Belarus energy report

Belarus energy report
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Format
3 files (PDF report, 2 Excel files)
Pages
26 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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890 €

Overview

This analysis includes a comprehensive Belarus energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • Belarus aims to reach a share of 9% of renewables in the energy mix by 2035.
  • In its updated NDC, the country committed to reduce its GHG emissions by 35% below the 1990 level in 2030.
  • The energy sector is dominated by 3 monopolies: Belenergo for power, Belorusneft for oil, and Gazprom for natural gas.
  • Belarus imports most of its oil and gas from Russia at discounted prices.
  • A second nuclear unit was commissioned in November 2023.
  • Gas dominates the power mix (80%), followed by nuclear (12%).
  • Oil prices have increased by 10%/year since 2020.They are much lower than in Russia.
  • Electricity prices fluctuate with the gas price.
  • Gas supplies 56% of the energy mix, followed by oil (29%).
  • Households and services absorb 44% of the final energy consumption.
  • Power projects suffer from delays.
9%
of renewables in the energy mix in 2035
44%
of final energy used in the residential sector
35%
reduction in GHG emissions by 2030

  • Institutions & Energy Policy

    The Ministry of Energy (Minenergo) is in charge of the country's energy policy, including the security of supply.

    The Ministry of Natural Resources and Environmental Protection is in charge of regulating the power generation from renewable energy sources.

  • Energy Companies

    Oil:

    The oil sector is supervised by Belneftekhim, a state-owned holding company subordinated to the Council of Ministers. It owns several companies, including Belorusneft, Naftan, and Mozy Oil Refinery.

  • Energy Supply

    Resources:

    Gas and oil resources are limited, with proven reserves estimated at around 27 Mt for oil and 0.5 bcm for gas (end-2022). Hydroelectric resources are around 1 TWh. However, Belarus contains large reserves of oil shales, estimated at 8.8 Gt, and its forests, which cover almost 40% of the territory, could play a key role in the country's efforts to increase its domestic energy resources.

  • Energy Prices

    Electricity:

    Electricity prices are set by the government. Between 2016 and 2022, electricity prices for residential consumers in dollars increased on average by 7.5%/year and decreased by nearly 15% in 2023 to US$c7.5/kWh.

    Graph: ELECTRICITY PRICES FOR HOUSEHOLDS (US$c/kWh)

  • Energy Consumption

    Per capita energy consumption stands at 2.8 toe (2022), including around 3 700 kWh of electricity; such consumption levels are around half those for Russia.

    After a peak at 30 Mtoe in 2012, total energy consumption had a declining trend until 2020. It rebounded by nearly 9% in 2021 before declining again in 2022 (-4%) to 26 Mtoe.

    Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for households (US$c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2022, %)
  • GRAPH 9: Final consumption market share by sector (2022, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Belarus energy market data since 1990 and up to is included in the Excel file accompanying the Belarus country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Belarus Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Belarus energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).