Warm welcome to IENE’s flagship publication, the “ SE Europe Energy Outlook 2021/2022” following presentations in Athens and Sofia

Warm welcome to IENE’s flagship publication, the “ SE Europe Energy Outlook 2021/2022” following presentations in Athens and SofiaFollowing publication of the Institute’s major energy study of SE Europe and its official presentation in Athens (1/3) and Sofia (8/3), a flood of congratulatory and support messages has come through from colleagues and friends from almost all countries in the region and beyond. It appears that the present study has come to fill a huge void in our current knowledge and understanding of the regional energy market, its structure and dynamics.

Following publication of the Institute’s major energy study of SE Europe and its official presentation in Athens (1/3) and Sofia (8/3), a flood of congratulatory and support messages has come through from colleagues and friends from almost all countries in the region and beyond. It appears that the present study has come to fill a huge void in our current knowledge and understanding of the regional energy market, its structure and dynamics.

This 1450-page comprehensive study, which covers all aspects of energy in the region, breaks now ground in the sense that it presents a holistic view of energy developments in a broad range of disciplines. It covers in great depth the scope and specific goals of energy policies in the region at country level, but also as elaborated by the EU and the Energy Community, while it questions the effective implementation of the pursued decarbonisation policies. Through a series of introductory chapters the present “Outlook” study examines the economic and political background of the entire region, the key environmental and energy policy issues involved, the regional integration process and energy market competition, EU’s decarbonisation drive and the Green Deal and its impact on SE Europe.

In addition, the study comprises nine specific parts: energy policy, energy security, country energy surveys, legal framework, regional economic issues, sectorial analysis, energy demand and supply projections for 2040 (oil and gas, electricity, renewables, energy efficiency), energy technologies and energy investment outlook.

The energy sector analysis focuses on the region’s as energy drivers such as petroleum (upstream, midstream, downstream), natural gas, power generation, renewables, energy efficiency, co-generation, and environmental protection. A major part of the study concerns the individual countries of the region and contains an energy profile of each one of the core 15 countries. A set of original energy maps for the region has been created, together with comparative data tables and economic analysis. In addition, the study covers the energy basics of a number of peripheral countries which are economically and geographically related to SE European core countries and include: Egypt, Syria, Lebanon, Moldova, Ukraine, Slovakia, Austria, Azerbaijan and Italy.

Another important part of the study covers the energy interconnections in South East Europe, the Black Sea and the Caspian region for oil, gas and electricity. The major energy projects of the region (oil and gas pipelines, gas storage, nuclear plants, hydrocarbon exploration projects, refineries, RES installations and energy efficiency projects) are described and fully analysed. The study also covers latest developments in the energy market liberalization process both for electricity and gas, and also examines the broader aspects of environmental and energy security considerations in South East Europe. This year’s “Outlook’’ for the first time includes an analysis of the energy technologies which are appropriate for application in SEE. The study concludes with an in-depth analysis and projections of the investment potential per energy fuel and per country but also assesses the business opportunities of the region’s entire energy sector.

The first “SE Europe Energy Outlook” study was undertaken by the IENE in 2011. Few years later the second such study, much improved and expanded was completed and published in 2017. Now the third edition has been published, enlarged and updated. The present “Outlook” study was primarily carried out by IENE’s inhouse research team which was seconded by a team of 25 experts from all countries in the region. They contributed Country Profiles and sectorial analysis. Furthermore, the study was reviewed by a team of 20 internationally recognized authorities who acted as peer reviewers.

The study was carried out and published thanks to the financial support of a number of major and innovative energy companies (16 organisations in all) which are present and active in the whole region.The main sponsor of the study (Lead Sponsor) is Hellenic Petroleum (ELPE), while the sponsors (Sponsors) include the companies: Hellenic Energy Exchange (ENEX), IPTO, DEPA, EPIAS (Turkey) and Elpedison. In preparing the study IENE was also assisted by a group of supporter companies which included: IBEX (Bulgaria), Energean, Motor Oil, DESFA, DEDA, EDEY, Elval Halcor, GreenTop, Ensco and KG Law Firm.

For further information about the "South East Europe Energy Outlook 2021/2022" and ordering your copy visit www.iene.eu.


ADVISORY SERVICES Green Bonds

PUBLICATIONS South East Europe Energy Outlook 2021/2022 The Greek Energy Sector 2020 Long-Term Gas Contracting Terms, definitions, pricing - Therory and practice More

COOPERATING ORGANISATIONS IEA Energy Institute Energy Community Eurelectric Eurogas Energy Management Institute BBSPA AERS ROEC BPIE