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Macedonia energy report

This analysis includes a comprehensive Macedonia 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 2018 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.

Macedonia energy report
Update: 
March 2020
Format: 

2 files (PDF report, Excel file)

Pages: 
28 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 590 € 

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 2 files by email (one pdf report and one excel file containing the datasets).

 

Abstract

  • Institutions & Energy Policy

    North Macedonia is a small republic resulting from the break-up of former Yugoslavia, independent since 1991. It changed its name in 2019 from FYROM (Former Yugoslav Republic of Macedonia), ending a decades-long dispute with Greece. North Macedonia aspires to join the European Union (EU) and, accordingly, is in the process of harmonising and privatising its energy sector.

  • Energy Supply

    Oil:

    Oil supplies are covered by imports. North Macedonia ended crude oil imports in 2013, when the 50 000 bbl/d OKTA refinery was shut down. Since 2011, oil products have been free from custom duties, leading to a 55% surge in 2012, to 1 Mt; they increased until 2016 (1.2 Mt) and declined until 2018 (-0.7% to 1.1 Mt in 2018).

  • Energy Prices

    Gas:

    Gas prices for industrial customers are much lower than residential prices (by 36% in the first half of 2019). Industrial prices have been increasing by more than 50% since the second half of 2016, reducing the gap with EU prices from -29% to -3%. Residential prices are also increasing slightly and are 5% below the EU average (in the first half of 2019).

  • Energy Consumption

    In 2018, the country's energy consumption per capita was 1.2 toe, which is 57% below the European average, including 3 000 kWh of electricity (45% below the EU average).

  • Issues & Prospects

    According to the Strategy for Energy Development of the Republic of North Macedonia until 2040 (2018), primary energy consumption will grow at an average annual rate of 3.2% between 2017 and 2040 to 5.4 Mtoe, while final energy consumption will increase by 2.7%/year to 3.3 Mtoe.

Table of Contents

  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

Download the Table of Contents

List of Graphs

Below is a list of the Macedonia energy market report graphs:

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2018 %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2018, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Consumption trends by energy source (Mtoe)
  • GRAPH 7: Total consumption market share by energy (2018, %)
  • GRAPH 8: Final consumption market share by sector (2018, %)

List of Tables

In the Macedonia energy market report you will find the following tables:

  • 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.

Data (Excel Sheet)

The Macedonia energy market data since 1990 and up to 2018 is included in the Excel file accompanying the Macedonia 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.
  • Macedonia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Macedonia 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).

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