- Update
-
- Format
- 3 files (PDF report, 2 Excel files)
- Pages
-
37 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Buy Lithuania energy report
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Overview
This analysis includes a comprehensive Lithuania 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 targets a share of 45% of renewables in final consumption in 2030 and 80% in 2050.
- Ignitis is the main energy company through stakes in various power and gas companies.
- Most of the power supply is imported: net imports represented 2/3 of gross power consumption in 2021.
- Electricity and gas prices for households are 50% lower than the EU averages.
- Total energy consumption has been increasing slowly since 2015.
- Lithuania is strengthening its power and gas interconnections with Poland, Sweden, and Latvia.
- New capacities will be required to offset thermal plant decommissioning and to improve power independence.
57%
of renewables in the power mix in
2021
-57%
in GHG emissions between 1990 and 2020
1 GW
Institutions & Energy Policy
The Ministry of Energy is responsible for the energy sector.
An Energy Agency was created in 1993 to overcome the difficulties faced by the country in terms of energy: poor energy efficiency, few energy resources, and a strong dependence on Russia for its energy supply (90%).
Energy Companies
The Lithuanian energy sector has been fully reshaped since 2001 with the division of Lietuvos Energija (renamed Ignitis in 2019), the former public national company, into 5 independent entities.
Energy Supply
Resources:
Lithuania has limited oil reserves estimated at 2.5 Mt (end of 2021). Wood and peat are important energy sources. The country's hydroelectric potential is estimated at about 1.9 TWh/year.
Energy Prices
Electricity:
Electricity prices increased by 22% for households between 2018 and 2021 (14.2€c/kWh), after declining by around 4%/year for households; they are around half of EU average prices. Industrial prices have declined by 1.4%/year between 2013 and 2021 and are around 10% lower than the EU average.
Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (€c/kWh)
Energy Consumption
Total energy consumption per capita is 2.7 toe and 4300 kWh for electricity (2021); those consumption rates are 12% and 24% below the EU average, respectively.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Electricity:
According to Litgrid's 10-year plan, total electricity consumption should increase by an average of 4%/year between 2021 and 2031, reaching 18.7 TWh. The capacity should increase by 4 GW to 9.3 GW in 2031. More than 1.1 GW of thermal power plants should be decommissioned, including 360 MW at Vilnius-III by 2025 and 600 MW at Elektrenai by 2030.
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2021, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2021, %)
- GRAPH 5: Gasoline & diesel prices (€/l)
- GRAPH 6: Electricity prices for industry and households (€c/kWh)
- GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
- GRAPH 8: Consumption trends by energy source (Mtoe)
- GRAPH 9: Total consumption market share by energy (2021, %)
- GRAPH 10: Final consumption market share by sector (2021, %)
- GRAPH 11: Oil consumption (Mt)
- GRAPH 12: Oil consumption breakdown by sector (2021, %)
- GRAPH 13: Electricity consumption (TWh)
- GRAPH 14: Electricity consumption breakdown by sector (2021,%)
- GRAPH 15: Natural gas consumption (bcm)
- GRAPH 16: Gas consumption breakdown by sector (2021, %)
- GRAPH 17: Coal consumption (Mt)
- GRAPH 18: Coal consumption breakdown by sector (2021, %)
- 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, gas plant projects by status and operator and LNG contracts.
The Lithuania energy market data since 1990 and up to
is included in the Excel file accompanying the Lithuania 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.
- Lithuania Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Lithuania 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).