Greece Energy Information
Greece Key Figures
GDP growth rate: -9.0 %/year
Energy independence: 23.1%
Data of the last year available: 2020
CO2 Emissions: 4.74 tCO2/capita
Rate of T&D power losses: 9.62%
* at purchasing power parity
View all macro and energy indicators in the Greece energy report
Greece Related News
View all news, archive your new and create your own daily newsletters only on your topics/countries of interest with Key Energy Intelligence
Greece Related Research
Total Energy Consumption
Total energy consumption per capita is 1.8 toe in 2020 (33% below the EU average of 3.1 toe), including around 4 600 kWh of electricity (12% below the EU average). Per capita consumption is still 33% below its peak level in 2008 (-14% for electricity).
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Interactive Chart Greece Total Energy Consumption
Crude Oil Production
Crude oil production is negligible and covers 1% of the country's oil needs. Greece imported about 27 Mt of crude oil in 2020. The main suppliers are Iraq (36%), Russia (18%), and Kazakhstan (17%) (2020. Iran used to be a large supplier (34% in 2011) before the EU embargo of 2012. In 2016, Helpe signed an agreement with NIOC to resume crude oil imports from Iran.
Interactive Chart Greece Crude Oil Production
Oil Products Consumption
The consumption of oil products remained quite stable between 2013 and 2019, and dropped by 11% in 2020. It had increased regularly from 1990 until a peak at 18 Mt in 2007 (close to 2%/year on average), before falling by 36% between 2008 and 2013 because of the economic crisis.
Graph: OIL CONSUMPTION (Mt)
Interactive Chart Greece Refined Oil Products Production
Natural Gas Consumption
Since 2015, natural gas consumption has been rising and stood at an all-time high of almost 6 bcm/year in 2020. It increased strongly between its introduction in 1997 and a peak of 4.7 bcm in 2011. Subsequently, it fell at a pace of about 14%/year until 2014 due to the economic crisis and the decrease in power generation.
The electricity sector absorbs 65% of the total gas consumption, industry (including non-energy uses) 15% and buildings 12%.
Graph: NATURAL GAS CONSUMPTION (bcm)
Interactive Chart Greece Natural Gas Domestic Consumption
Lignite consumption reached an all-time high in 2004 (72 Mt) and has been falling since then to 15 Mt in 2020. Nearly all the lignite consumption is used by the electricity sector and the current decrease in demand is explained by changes in the power mix (rising gas-fired and renewable generation).
Graph: COAL CONSUMPTION (Mt)
Graph: COAL CONSUMPTION BREAKDOWN BY SECTOR (2020, %)
Interactive Chart Greece Coal and Lignite Domestic Consumption
After an 8% decrease in 2018, electricity consumption increased slightly in 2019 (+2% to 52 TWh) and decreased by 5.6% in 2020. It had surged between 2000 and 2008 (+3.4%/year) before declining until 2014 (-2.3%/year).
Services and households are the largest consumers of electricity (36% and 32%, respectively), followed by industry (24%).
Graph: ELECTRICITY CONSUMPTION (TWh)
Graph: ELECTRICITY CONSUMPTION BREAKDOWN BY SECTOR (2020 %)
Renewable in % Electricity Production
The national target, according to the EU Directive on renewables, of 18% of renewables in the final energy consumption in 2020 has been exceeded by almost 4 pp (21.7% in 2020); the share for renewable electricity was set at 40% (36% achieved in 2020).
Under its NECP, the country targets a 35% share of renewables in final energy consumption in 2030, including 60% for electricity, 40% for heating and cooling, and 14% for transport. In the NECP, a target of 2 GW of offshore wind is set for 2030 (fixed-bottom and floating projects).
Interactive Chart Greece Share of Renewables in Electricity Production (incl hydro)
CO2 Fuel Combustion/CO2 Emissions
GHG emissions have been decreasing sharply (by 4.8%/year on average) since 2007, following the economic recession, and stood 35% below their 1990 level in 2020 (72 MtCO2eq).
Within the framework of the EU Effort Sharing Decision, Greece aims to limit its non-ETS GHG emissions in 2020 to 4% below its 2005 level (i.e. 59.6 MtCO2e). In 2020, these emissions stood at 40 MtCO2eq, i.e. 36% below their 2005 level and Greece easily met its 2020 target.
Secured payment by