COMPANIES ECONOMY ENERGY

Energy resources, primary energy production up 2.5pc and 1.8pc respectively in 2014

The energy resources and the primary energy production were slightly up last year as compared to 2013 by 2.5 percent and 1.8 percent respectively, the National Institute for Statistics announced on Monday.
Imports of energy products increased 7.6 percent from 2013, while end-energy consumption dropped 0.7 percent, the Institute said.
Available energy resources totalled 41.7 million tonnes of oil equivalent (toe) last year, up 1.031 million toe (2.5 pc) from the prior year against the backdrop of increased primary energy production and higher imports of energy products, according to the Institute.
Significant rises were recorded by the electric power resources (13.2 pc) and crude oil (12.1 pct), while the coal and natural gas resources dwindled 5.3 percent each.
Last year’s primary energy production at 26.3 million toe was by 461,000 toe higher than in 2013 and further kept its significant share of the overall energy resources, accounting for 63.1 percent of them.
Increases in production were recorded by hydro-power, wind power and photo-voltaic power (33.8 percent from 2013) and natural gas by 1.9 percent.
According to statistic figures, the import of energy products surged 7.6 percent in 2014 from 2013 chiefly thanks to the significant rise in crude import by 1.428 million toe or 27 percent. Natural gas import plunged dramatically by 60.1 percent, the Institute announced.
The end-energy consumption last year shrank by a meagre 149,000 toe or 0.7 percent as against 2013. The end-consumption in industry (accounting for 29.7 percent of the overall energy consumption) went up 2.4 percent, mostly amid the increases in the metal construction industry, machinery and equipment (by 7.6 pc), steel-making (0.7 pc) and the chemical industry (0.4 pc).
The tertiary sector, farming and the population recorded drops in the consumptions as compared to 2013 and, having a combined 45.1 percent share of the total end-energy consumption pushed the 2014 end-energy consumption to 99.3 percent as compared to 2013.
The energy export (bunkering included) totalling 5.770 million toe was up 1.362 million toe or 30.9 percent.
The gross domestic energy consumption per local stood at 1,584 kilograms of oil equivalent last year.

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