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Lebanon energy report

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

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Overview

This analysis includes a comprehensive Lebanon 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

  • The country is facing a deep economic recession, which limits its ability to meet its targets and implement reforms. It has pledged to generate 18% of its electricity demand from renewables by 2030.
  • CO2 emissions have halved since 2017 because of the crisis.
  • State-owned EDL, which controls the power sector, struggles to ensure a stable supply, which is driving the development of self-generation.
  • The country's electricity mix is mostly based on imported oil.
  • EDL's technical losses and the lack of public capacity are causing electricity shortages.
  • Real energy prices are difficult to assess because of the instability of the national currency and high inflation.
  • Total energy and electricity consumption have halved since 2017.
  • The country had around 3 GW of gas-fired projects under consideration, but most of them are delayed because of the economic and political situation.
89%
of oil in the energy mix (2022)
-20%
GHG emissions reduction by 2030
-15%
in electricity consumption in 2022

  • Institutions & Energy Policy

    The Ministry of Energy and Water (MEW) supervises the electricity and oil sectors.

    The Council of Development and Reconstruction (CDR) is a planning agency that coordinates the development of major projects. It was initially created to coordinate the reconstruction of the country after the civil war (1975-1990).

  • Energy Companies

    Electricity:

    Electricity of Lebanon (EDL) is the national electricity company. EDL operates more than 80% of public installed capacity, but the company is struggling to ensure a stable supply, which is driving the development of self-generation and generator sets (1.5 GW), reducing EDL's effective share to less than 2/3 of total capacity (2022).

  • Energy Supply

    Resources:

    Large offshore hydrocarbon fields are estimated to have oil and gas reserves resources of about 1 100 mbl and 600 bcm, respectively. However, the country currently has no commercial oil and gas reserves and drilling activities have been disappointing so far.

  • Energy Prices

    Oil:

    The prices of petroleum products are set by the General Directorate of Oil (Ministry of Energy and Water) according to LPA's recommendations. In June 2021, the Central Bank ended the subsidy scheme to import oil products at a preferential exchange rate (LBP 1 507/US$ against LBP 8 000/US$ now).

  • Energy Consumption

    Per capita energy consumption was 0.9 toe/cap in 2022 (i.e. 73% below the Middle East average) and per capita electricity consumption nearly 1 600 kWh (62% lower than in the region).

    Total energy consumption has halved since 2017, including -16% in 2022 to 4.7 Mtoe. It previously increased rapidly between 2010 and 2017 (around 5%/year).

  • Issues & Prospects

    Electricity:

    Lebanon has over 5 GW of projects under development (including 3.5 GW of thermal and 2 GW of renewables, mainly solar).

  • 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$/l)
  • GRAPH 6: Electricity prices for industry and households (US$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.

The Lebanon energy market data since 1990 and up to is included in the Excel file accompanying the Lebanon 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.
  • Lebanon Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Lebanon 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).