Statistics

BBSPA Statistical Review 2016

Introduction

BBSPA seeks to enhance on a continuously improving basis our understanding of the energy markets and systems of the countries within the Balkan and Black Sea region.  With this in mind, the purpose of this Statistical Review is to assemble and present for all the countries of the region high-level supply/demand numbers on oil, gas, coal and electricity and also oil and gas prices.

The intention is to present this data on a regular annual basis.  Countries within the region tend to report in different levels of detail and with varying time lags.  Coverage is therefore uneven, but it is also becoming more comprehensive.  For instance, Ukraine’s energy reporting has improved enormously in the last few years.  This Review will evolve over time to reflect such improvements.

Regional highlights in 2016

Oil

Crude output down 8%, with the drop virtually all in Ukraine.

Refinery throughputs up 3% despite falling margins.  The increase was shared by Greece and Turkey.

Gas

Output down 10% due to: decline in Ukraine; shut-in gas in Romania caused by cheap imports from Russia.

Demand down 6%, again concentrated in Ukraine.

Coal

Coal production (without Albania and Georgia) down by 2%.

Coal consumption (without Albania and Georgia) stayed the same.

Electricity

Electricity production (without Serbia) up by 1%.

Electricity consumption (without Serbia and Ukraine) up by 4%.

Oil & gas import independency 

Crude oil import independency was 14%, down by  2%.

Gas import independency was 30%, down by 1%.

Market commentary

It is not the intention of this Review to provide detailed comments on the many market developments during the year.  For this, BBPSA members receive a Monthly Bulletin which tracks market developments across the whole energy sector.  However, it is important to place data within the context of energy policy and progress of energy projects.  For this reason, the Review contains 2 further information sections:

Exploration activity.  Maps cataloguing on-shore and off-shore licence blocks along with some  commentary on activity.

Gas pipeline & LNG projects.  Progress and status of the many interconnector projects is detailed.  One project – the Bulgaria-Romania interconnector – was completed in 2016.

Content:

Introduction  p.3

  1. BBSPA statistical review

Oil production  and refinery throughput 4-5 Gas production and consumption 6-7 Oil and gas import dependency  8 Fuel (gasoline, diesel and fuel oil) production and consumption 9-14 Electricity production and consumption 15-16 Coal production and consumption 17-18 Gas Prices:

Brent, CEGH and Henry Hub p.19

Bulgaria  p.20

Greece  p.21

Hungary  p.22

Romania  p.23

Fuel prices 07/06/2017  p.24

  1. Gas flows  p.25

III. Gas import contracts  p.26-27

  1. Upstream activities update:

Albania  p.28

Bulgaria  p.29

Croatia  p.30

Greece  p.31

Hungary  p.32

Romania  p.33

Montenegro, Turkey and Ukraine  p.34

  1. Gas pipeline projects status:

Gas pipeline projects in the region  p.35

Projects under design  p.36

Projects under construction  p.37

Commissioned projects:

– Gas pipeline project Bulgaria-Romania  p. 38

To receive a hard copy, please contact BBSPA at  bbspetroleum@bbspetroleum.com

 

Balkan and Black Sea Petroleum Association