Energy Reports

Serbia energy report

Serbia energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated Serbia energy market data.

Serbia energy report
Update: February, 2020
Format: 2 files (PDF report, Excel file)
Pages: 34 (Report only)
Delivery: Immediate by e-mail


Serbia energy market report offers an incisive and reliable overview of the energy sector in Serbia. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2018 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.

  • 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.

    AERS, National Energy Agency of the Republic of Serbia, is the regulator of the energy sector. Its ...

  • Energy Companies


    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. Over 2018-2025, NIS plans to invest around US$2.2bn (€1.85bn) to increase its hydrocarbon ...

  • Energy Supply


    Serbia has limited oil and gas reserves (around 13 Mt and 5 bcm, respectively, in 2018), but has significant lignite reserves (7.1 Gt). Its hydroelectric potential is estimated at 27 TWh.

  • Energy Prices


    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).

    Despite these increases, electricity prices are among the lowest in Europe, especially for households (66% below the EU average and -33% for industry in ...

  • 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).

    Total energy consumption rose by 4.1%/year between 2014 and 2017, but declined by 1.4% in 2018 to 15.4 Mtoe (lower coal consumption due to a higher hydro availability). It declined by 3%/year between 2004 and 2014, reaching 13 Mtoe, its ...

  • 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%). Depending ...

Download the Table of Contents

In the Serbia market report you will find the graphs mentioned below:

  • 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 market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Serbia market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2018 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).

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