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Primary energy consumption in the EU declined to its lowest level in almost two decades

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BP

  • The EU’s primary energy consumption declined by 0.3% in 2013 to 1675.9 Mtoe, the lowest level since 1995, with energy intensity (the amount of energy required per unit of GDP) falling by 0.4% to the lowest level on record.
  • Primary energy consumption dropped despite a 13% rise in renewables energy consumption and an 8% rise in hydroelectricity, as these were dwarfed by a 2% drop in fossil fuels and a 1% drop in nuclear generation.
  • Consequently, the share of fossil fuels in the energy mix fell to 77% in 2013, a record low, while renewables reached a record high of 6.6%.
  • The largest increments in renewables was in wind (7 Mtoe, 16%) followed by biomass (3 Mtoe, 9%), then solar (3 Mtoe, 17%) and finally geothermal (0.1 Mtoe, 5%).
  • The EU’s carbon intensity of primary energy declined by 1.3% to 2.3 tonnes of CO2 per tonne of oil equivalent in 2013 as carbon emission dropped by 1.9% to 86.2 Mt.
  • The consumption of all three fossil fuels declined, with oil undergoing the largest decline (13.6 Mtoe, 1.9%) followed by coal (8.1 Mtoe, 2.5%) and then natural gas (5.4 Mtoe, 1.1%).
  • Fossil fuels production also declined in 2013. Oil production fell 4.4 Mtoe (5.8%), natural gas 1.0 Mtoe (0.5%) and coal 13.5 Mtoe (7.9%).
  • With fossil fuel consumption declining faster than production, the EU’s fossil fuel imports fell by 0.6% to 921.6 Mtoe in 2013, the lowest level in a decade.
  • The EU’s natural gas imports continued to shift from LNG towards pipeline with net LNG imports down by 29.7% and net pipeline imports up by 3.7%.
  • The composition of the EU’s natural gas pipeline imports in 2013 reversed much of the shifts seen in 2012; imports from Russia expanded by 19.5%, increasing Russian share of EU’s consumption to 31%, while imports from Norway declined by 4.6% to a share of 23% and North African imports declined by 20% to 6% of consumption.

http://www.bp.com/en/global/corporate/about-bp/energy-economics/statistical-review-of-world-energy/country-and-regional-insights/european-union.html

 

 

 

Author: retailaccounting

CounterBooks is an online retail accounting management suite which is used by retailers across the world.

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