Serbia energy report

• Institutions & Energy Policy

  The energy policy is a prerogative of the Ministry of Mines and Energy. The Ministry has five main departments: electricity; oil and gas; energy efficiency and renewable energy sources; 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

  Gas:

  Gas production has been decreasing rapidly since 2015 (-8%/year) to 450 mcm in 2018 (i.e. 18% of the consumption); it more than doubled between 2007 and 2015.

  To fulfil its gas needs, Serbia relies on imports from Russia through Ukraine and Hungary. Gas imports have increased rapidly since 2014 (+11%/year), reaching 2.2 bcm in 2018.

• Energy Prices

  Electricity:

  Electricity tariffs soared between 2000 and 2008 (ten-fold for industry and eight-fold for households). They have increased again since 2015 (by 30 and 16%, respectively), partly because a three-year agreement with the IMF(2015-2018).

• Energy Consumption

  Energy consumption per capita amounts to 2.2 toe (29% below the EU average), including 4 200 kWh of electricity (26% below the EU average) (2018).

• 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%).

• 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 Serbia 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 (€/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 (2018, %)
• GRAPH 9: Final consumption market share by sector (2018, %)

In the Serbia 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.

The Serbia energy market data since 1990 and up to 2018 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).