64%
of primary energy consumption from oil shale in 2019
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This analysis includes a comprehensive Estonia 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 2019 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.
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Highlights
64%
of primary energy consumption from oil shale in 2019
x2
electricity imports between 2013 and 2016
-70%
target in GHG emissions between 1990 and 2030
Abstract
Institutions & Energy Policy
The Department of Energy of the Ministry of Economic Affairs and Communications is responsible for the energy policy.
The Estonian Competition Authority regulates the energy sector and reports to the Ministry of Economic Affairs and Communications.
Energy Companies
Oil:
Four main operators are involved in the supply, trading and logistics of oil: Alexela, Vopak EOS, Scantrans (Ireland) and Eurodek (Denmark). Alexela operates two oil terminals: one in Paldiski with an oil storage capacity of about 358 000 m3 and one in Sillamäe with a storage capacity of about 506 000 m3. In 2019, Vopak sold its 1 mcm terminal in Tallinn to Liwathon.
Energy Supply
Oil:
All of the country's oil product consumption is imported (1.3 Mt in 2019). Gasoline imports remained stable at 403 kt in 2019, while diesel imports dipped by 8% to 814 kt. Oil products used to come mainly from Russia, which is no longer the case (43% of the imports in 2019). Besides Russia, imports came from Lithuania (31%) and Finland (10%) in 2019.
Energy Prices
Oil:
Retail fuel prices in Estonia evolve in line with global prices and have been declining since 2018, reaching €1.27€ for gasoline and €1.23€ for diesel in 2020. Prices tripled between 2000 and 2012 and contracted until 2016, before recovering until 2018. Taxes account for more than half of the price (61% for gasoline and 55% for diesel in 2020).
Energy Consumption
Total energy consumption per capita is about 3.6 toe/cap (2019), i.e. 16% above the EU average. This is mainly due to the high share of oil shale, since it requires a significant amount of energy to be processed: in 2019, the fall in oil shale-fired power generation resulted in a 24% fall in the energy consumption per capita.
Issues & Prospects
Electricity:
According to Elering, electricity consumption should rise by 1.1%/year between 2015 and 2030, reaching 9.6 TWh; peak demand should grow more slowly and reach 1 700 MW. By this date, the installed capacity should decrease by more than 500 MW, due to the decommissioning of thermal capacities at the Narva power plants as of 2024.
Below is a list of the Estonia energy market report graphs:
In the Estonia energy market report you will find the following tables:
The Estonia energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Estonia country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Estonia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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