Portugal energy report

• The NECP targets a 45% reduction to 55% of GHG emissions and a share of 47% of renewables in final energy consumption in 2030.
• EDP for electricity and Galp Energia for oil and gas dominate their respective markets.
• Chinese companies own 21% of EDP and 25% of REN, the power and gas transmission company.
• The share of renewables in the power mix has remained stable since 2010 (around 55%).
• Gas imports decreased by more than 4% in 2020.
• Coal has virtually been out the power mix (4% in 2020 vs 25% in 2017).
• Energy prices are close to the EU average.
• The price of petroleum products follows international prices.
• Energy consumption per capita is almost a third lower than the EU average.
• The share of coal in the energy mix declined from 14% in 2017 to 3% in 2020, while the share of primary electricity increased from 7% to 13% over the same period.
• Portugal aims to strengthen its electricity and to improve its supply security.
• More than 1 GW worth of new hydropower plants is expected by 2024.

• Institutions & Energy Policy

  The State Secretary for Energy, under the Ministry of Economy, oversees the national energy policy and supervises the energy sector. The Directorate General for Energy and Geology (DGEG) is responsible for designing, promoting, and evaluating energy policies.

  ERSE, Entidade Reguladora dos Serviços Energéticos,is the electricity and gas regulator.

• Energy Companies

  Oil:

  Galp Energia (Amorim Energia 33%, and Parpublica 7.5%) dominates the oil market. Under a 2012 shareholder agreement, Eni sold its stake in several stages.

• Energy Supply

  Gas:

  Portugal imports all the gas it consumes. Imports reached 5.9 bcm in 2020 (-4.3%), of which 92% (5.4 bcm) were from LNG. Imports reached a peak in 2017 at 6.3 bcm. Previously, they remained between 4 and 5 bcm over 2012-16.

  In 2019, gas imports came mostly from Nigeria (54%), followed by the UAE (16%) and Algeria (9%).

• Energy Prices

  Oil:

  The price of petroleum products follows international oil prices. During the first semester of 2021, gasoline and diesel prices increased by 8% and 6%, respectively. Petroleum products prices declined by 7% for gasoline and 9% for diesel in 2020, after rising between 2016 and 2019 (+3%/year for gas gasoline and +6%/year for diesel).

• Energy Consumption

  Consumption per capita is 31% lower than the EU average at 2 toe, 4 500 kWh of which is electricity (15% below the EU average) (2020).

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

  

• Issues & Prospects

  Electricity:

  According to the PDIRGN 2020-29, power consumption is expected to decrease between 0.6%/year and 4.9%/year on average. REN foresees that the renewables installed capacity will increase to 25 GW by 2030.

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

Download the Table of Contents

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

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2020, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• 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 (2020, %)
• GRAPH 10: Final consumption market share by sector (2020, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2020, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2020,%)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2020, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2020, %)

In the Portugal 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.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The Portugal country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

• Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
• Power: Electricity generation & capacities, by technology.
• CO₂: Total CO₂ emissions.
• Macro-economy: Main macro-economic assumptions.
• Key indicators: Energy intensity, share of renewables, CO₂ emissions per capita and per unit of GDP.