Romania’s final energy consumption to increase annually by 2.4 percent in the next years

Aurel Dragan 03/01/2019 | 10:50

Romania’s final energy consumption will rise between 2019 and 2022, according to the National Commission for Strategy and Prognosis (CNSP), with annual increases of about 2.4 percent.

Thus, in 2019, the country’s total energy consumption is estimated at 24.06 million tons of oil equivalent (tep), up 2.4 percent year-on-year. In 2020, the indicator will record an increase of 2.5 percent to 24.66 million tep. In the years 2021 and 2022, the energy consumption will be 2.4 percent higher and will reach 25.25 million tep and 25.85 million tep.

According to the cited source, population consumption will increase slightly, by 0.5 percent in 2019 and by 0.3 percent in 2020, while in 2022 will rise by 0.1 percent.

Instead, demand in the economy will increase by 3.3 percent this year compared with last year, with 3.5 percent in 2020 and then by 3.4 percent by 2022.

Energy resources will experience slight annual increases of 0.3 percent in 2019, 0.5 percent in 2020, 0.6 percent in 2021 and 0.7 percent in 2022.

According to the CNSP forecast, energy resources are estimated at 43.53 million tep this year, 43.75 million tep in 2020, 44.015 million tep in 2021, and 44.31 million tep in 2022.

Of the primary energy resources, the highest increase is recorded for natural gas, which will record an advance of 2.5 percent this year compared to 2018 and between 4 percent and 5.2 percent in the next three years.

Hydro, wind and photovoltaic energy will increase only slightly in 2019 and 2020 by 0.4 percent and 0.2 percent, respectively, followed by a decrease of 0.2 percent by 2022. And crude oil production will decrease over the next three years, by 0.6 percent this year compared to 2018, by 0.3 percent in 2020 and by 0.1 percent in 2021. In 2022 the oil production will stagnate.

Between 2019 and 2022, coal and nuclear output will remain at the same levels.

BR Magazine | Latest Issue

Download PDF or read online: July 2023 Issue | Business Review Magazine

The July 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “At a Crossroads: Budget Deficit Endangering Romania’s Economic
Aurel Dragan | 31/07/2023 | 14:14

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of

    I agree with the storage and handling of my data by

    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue