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Energy Report Hungary

  • ID: 2866317
  • Report
  • February 2020
  • Region: Hungary
  • 16 Pages
  • The Economist Intelligence Unit
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Total energy consumption in Hungary amounted to 26.7m tonnes oil equivalent (toe) in 2019. Total energy consumption is expected to reach 30.3m toe by 2029. The rate of expansion will be somewhat slowed by continuing gains in energy efficiency as GDP expands on annual basis. Natural gas and petroleum products will remain the country's main energy sources throughout the 2020-29 forecast period, followed by nuclear.

Natural-gas consumption will grow at a rate of above 2% over 2020-29, faster than oil, which will grow at a rate of over 1%, while consumption of coal will decline over the forecast period. Consumption of non-hydro renewables (also excluding combustible renewables) will, however, grow the fastest over the forecast period.

The share of fossil fuels in Hungary's energy mix will slightly edge down over the forecast period. Although the share of natural gas will slightly increase between 2020 and 2029, the share of coal will fall (as Hungary eases out of coal-fired power generation), while for oil it will remain around the same. The share of some renewable energy sources will also increase (from a low base), albeit slightly, with solar and wind driving this growth.

Industry List: Coal, Energy, Electricity, Energy, Energy, Energy, Energy policy, Energy, Nuclear, Energy, Oil and gas, Energy, Renewables, Energy, Risk and return
Industry Codes (NAIC): 22;22;336
Industry Codes (SIC): 37;49;49
Note: Product cover images may vary from those shown
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Energy Report Hungary

Energy report: Overview

Energy report: Energy policy

Energy report: Oil and gas

Energy report: Electricity

Energy report: Coal

Energy report: Nuclear

Energy report: Renewable energy

Energy report: Risk and return
Note: Product cover images may vary from those shown
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