70%
share of lignite in power generation in 2020
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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 2020 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.
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Highlights
70%
share of lignite in power generation in 2020
26%
share of renewables in final consumption in 2020
+80%
rise in wholesale electricity prices over January-October 2021
Abstract
Institutions & Energy Policy
The energy policy is a prerogative of the Ministry of Mining 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 11 Mt and less than 5 bcm, respectively, in 2020), but has significant lignite reserves (7.1 Gt). Its hydroelectric potential is estimated at 27 TWh.
Energy Prices
Gas:
Residential gas prices, which have been stable at around €3.4c/kWh since 2017, are much lower than the EU average (-54% in 2019), while industrial prices are higher (+21%). Prices for industry increased between 2016 and 2019 (+8.9%/year) but fell by 17% in 2020 to €3.2c/kWh.
Energy Consumption
Energy consumption per capita amounts to 2.3 toe (20% below the EU average in 2020), including 4 230 kWh of electricity (20% below the EU average, 2020).
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%).
Below is a list of the Serbia energy market report graphs:
In the Serbia energy market report you will find the following tables:
The Serbia energy market data since 1990 and up to 2020 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:
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:
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