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Serbia energy report

This analysis includes a comprehensive Serbia 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.

Serbia energy report
Update: 
February 2021
Format: 
3 files (PDF report, 2 Excel files)
Pages: 
34 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 790 € 

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 3 files by email (one pdf report and 2 excel files containing the datasets).

 

Highlights

  • Serbia is likely to miss its 2020 target of 27% renewables in final energy consumption, as it only had 21% in 2018.
  • Two public companies control the power and gas market: EPS for electricity (over 90% of production and sales in 2019) and Srbijagas for gas (81% of total sales).
  • NIS, a subsidiary of Gazprom, is the main oil supplier.
  • The power mix is dominated by lignite (around 2/3), while renewables account for 30% (2019).
  • Residential electricity and gas prices are much lower than in the EU.
  • Lignite still covers half of total energy consumption, despite the rising share of oil products.
  • Many lignite-fired and hydropower projects remain on hold, despite new capacity needs.
  • Serbia is developing new power and gas interconnections with neighbouring countries.

49%

share of lignite in total consumption in 2019

21%

share of renewables in final consumption in 2019

-66%

household electricity prices compared to EU average

Abstract

  • Institutions & Energy Policy

    The energy policy is a prerogative of the Ministry of Mines and Energy. The Ministry has six main departments: electricity, green energy, oil and gas, energy efficiency, geology and mining, and European integration, international cooperation and project development.

  • Energy Companies

    Oil:

    NIS, Nafta Industrija Srbija (Gazprom 56.15%, State 29.9%), is the main oil company. In 2008, Gazprom bought 51% of NIS's shares at a cost of €400m and acquired a further 5.15% stake in 2011. Through that acquisition, Russia planned to consolidate its projects for hydrocarbon transit to Europe.

  • Energy Supply

    Resources:

    Serbia has limited oil and gas reserves (around 13 Mt and 5 bcm, respectively, in 2019), but has significant lignite reserves (7.1 Gt). Its hydroelectric potential is estimated at 27 TWh.

  • Energy Prices

    Oil:

    Following the liberalisation of the oil market in 2011, motor fuel prices increased by more than 20% between 2010 and 2012. Since then, they have followed the trend in crude oil prices and stood at 1.14€/l for gasoline and 1.20€/l for diesel in 2020. The price of gasoline is around 10% lower than the EU average, while that of diesel is largely in line.

  • Energy Consumption

    Energy consumption per capita amounts to 2.2 toe (28% below the EU average in 2019), including 4 260 kWh of electricity (24% below the EU average, 2019).

  • Issues & Prospects

    According to the 2025 Energy Strategy (with projections to 2030), the share of lignite in primary energy consumption should remain dominant, although declining from 49% in 2015 to 40% in 2030. The share of oil should also decline, from 26% in 2015 to 23% in 2030, to the advantage of gas (from 12% to 16%), biomass (from 7% to 13%), hydropower and other renewables (from 6% to 8%).

Table of Contents

  • 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

List of Graphs

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

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2019, %)
  • GRAPH 9: Final consumption market share by sector (2019, %)

List of Tables

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

Data (Excel Sheet)

The Serbia energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Serbia 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.
  • Serbia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Serbia 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).

The Serbia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.

 

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