HIGHLIGHTS IN MACEDONIA
Macedonia will add more than 550 MW in new electric capacity in 2010, with the expected commissioning of Skopje 300 MW CCGT power plant, of TE-TO 223 MW CHP power plant and of Sveta Petka hydro power plant. The construction of a domestic gas network, partly financed by Russia, should also begin this year.
These actions are occurring as Europe is facing the consequences of the economic and financial crisis. Europe’s consumptions shrank by 5% and primary production faced a noticeable drop as well. The trade deficit was reduced by 8%, respectively due to substantial cuts in energy imports.
WHAT YOU WILL FIND IN THIS REPORT
The Macedonia energy market report is a reliable source for understanding the key issues and dynamics shaping the Macedonian energy industry. With timely, up-to-date energy industry data and demand forecasts, this report will help you identify and exploit challenges and opportunities in the Macedonian energy sector. The report details the sub-sectors of the energy industry (Crude Oil, refined oil products, Natural Gas, Coal, Electricity and Renewable) in Macedonia.
In this report you will find:
-Multi-energy approach: oil, oil products, gas & LNG, power, coal, renewable
-Recent energy and climate change policy development, and an assessment of its impact
-Key companies operating in each sub-segment of the Macedonian energy industry, and assessment of the competitive landscape.
-Up-to-date insight on market structures, regulatory developments, and asset developments
-Market dynamics and trends, detailed by energy and by sector
-Analysis supported by a large number of time series on production, consumption, imports, exports and reserves for each industry sub-segment
-Projects under development in the country, including power plants, refineries, LNG terminals, gas pipelines
-Analysis of the likely evolution of the market and key industry drivers
MAIN REASONS TO BUY THIS REPORT
-Identify key c
Macedonia energy Report (FYROM) Latest update: January 2010 Table of Contents LIST OF GRAPHS & TABLES 2 INSTITUTIONS AND ENERGY POLICY 3 ENERGY COMPANIES 4 ENERGY SUPPLY 4 ENERGY PRICES 5 ENERGY CONSUMPTION 5 ISSUES AND PROSPECTS 6 GRAPHS & DATA TABLES 8 Macedonia Energy Report – Copyright© Enerdata – All rights reserved 1 www.enerdata.net LIST OF GRAPHS & TABLES List of Graphs Graph 1: Installed Electric Capacity by Source (2008, %) Graph 2: Power Generation by Source (2008, %) Graph 3: Consumption trends by Energy Source (Mtoe) Graph 4: Total Consumption Market Share by Energy (2008, %) Graph 5: Final Consumption Market Share by Sector (2008, %) Graph 6: Primary Consumption since 1970 List of Tables Table 1: Economic indicators Population, GDP growth Imports & exports Inflation rate, exchange rate Table 2: Supply indicators Oil & Gas proven reserves Electric & refining capacity detailed by source Production by energy source Power production by source External trade by energy Table 3: Demand indicators Consumption / inhabitant Consumption trends Total consumption by energy Final consumption by energy and by sector Electricity consumption by sector Energy security indicators Energy efficiency indicators CO2 emissions Table 4: Energy Balance Total energy balance Detailed energy balance by energy Macedonia Energy Report – Copyright© Enerdata – All rights reserved 2 www.enerdata.net INSTITUTIONS AND ENERGY inefficiency of energy production and use, a national programme is to be adopted. The POLICY draft version of the Strategy for Development of the Energy Sector in Macedonia for the Macedonia is a small republic resulting from period 2008-2020 was presented in June the break-up of former Yugoslavia; its official 2009. Current priorities are: name is FYROM (Former Yugoslav Republic of Macedonia). It has been independent since - the modernisation and expansion of 1991. It aspires to join the European Union energy infrastructures and, accordingly, is in the process of - the continuity of the energy efficiency harmonising and privatising its energy sector. strategy as defined in 2004 - the implementation of price The Ministry of Economy, through its structures that eliminate crossed Energy Department, is in charge of the subsidies in order to promote energy country’s energy policy. efficiency while protecting the most vulnerable consumers An Energy Regulatory Commission (ERC) - the rise in energy prices to reflect was created in July 2003 to regulate the production costs energy sector. It is made up of 4 - the development of the objective of departments and is financed by a tax on the energy self-sufficiency through total revenue of energy companies. renewable energy sources (hydro in particular). The Energy Agency of the Republic of Macedonia was established in 2005 by the Ministry of Economy to promote and Electricity coordinate the energy policies and to develop The energy law was revised in 2008 to allow Macedonia’s energy sector. It started the liberalisation of the sector and the operating in September 2007. harmonisation with the European Union. Further legal adjustments will be made to Macef (Macedonian Centre for Energy comply with the Energy Community Treaty Efficiency) is the agency in charge of requirements in terms of market promoting energy efficiency. liberalisation and the equal treatment of companies (e.g. between the national In October 2005 the Macedonian Parliament company ELEM and the Austrian electricity signed the Energy Community Treaty in distributor EVN). The Energy Law is expected Athens, bringing together 8 South Eastern to become effective in 2011, and by then all European states (Albania, Bosnia regulations are expected to have been Herzegovina, Bulgaria, Croatia, Romania, adopted. Serbia Montenegro and the United Nations Mission in Kosovo, UNMIK) and the European Since 1 January 2008, large electricity Union for the creation of an integrated consumers have been able to buy directly on energy market. This treaty also reinforced the electricity market without buying through the legal bases for the creation of an the intermediary MEPSO (Macedonian electro independent energy market regulator. distribution system). Because of the country’s heavy dependence In September 2009, ELEM and BSP SouthPool on imported energy, the bad conditions of signed a letter of intent for cooperation on the energy production system and the Macedonia’s energy market. The partners Macedonia Energy Report – Copyright© Enerdata – All rights reserved 3 www.enerdata.net aim to establish the trading infrastructures Oil for the new Macedonian energy market by Hellenic Petroleum owns an 81.5% stake in the first half of 2010. OKTA, Macedonia’s only refinery, which produces more than 90% of the country’s Efficiency total refined products. The company invested A regulation on the energy performance of €120m in the construction of the 212 km- buildings was adopted in November 2008. An long pipeline connecting Thessalonique and energy-efficiency action plan, which is in line Skopje (capacity of about 2.5 Mt/year), with the commitments of the Energy which has been in operation since 2002. Efficiency Task Force of the En
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