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SEE Energy Outlook 2016/2017

see-energy-outlook-20162017Romania Energy Center (ROEC) and the Institute of Energy for South East Europe (IENE) are organizing a special event dedicated to the presentation of the SE Europe Energy Outlook 2016/2017 – a major regional study on the current energy situation in SE Europe with an outlook until 2050.  The event will take place in Bucharest, at the Academy of Economic Sciences (ASE), Ion Angelescu Building, Virgil Madgearu Hall, on October 24, 2017, at 5 pm. The study covers 13 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Slovenia, Cyprus, FYROM, Greece, Kosovo, Montenegro, Romania, Serbia and Turkey. In addition, the “Outlook” covers a number of peripheral countries including Israel, Egypt, Syria, Lebanon, Moldova, Ukraine, Hungary and Italy which are economically and geographically related SE European core countries.


The “SE Europe Energy Outlook 2016/2017” is a project of the Institute of Energy for South-East Europe (IENE), an independent and non-profit organization which was established in Athens in 2003. The study contains substantial comparative data, detailed sectorial analysis, energy demand and production estimates and projections. Through a series of introductory chapters, where the economic and political background together with the key energy policy issues of South East Europe are presented, the study examines the impact of the regional integration process on SE Europe’s energy prospects. The advent of EU’s Energy Union is also discussed and analyzed in relation to its anticipated catalytic role in accelerating energy market integration in SE Europe but also in terms of the vital energy security issues. The study comprises seven main parts: energy policy, energy security, country energy surveys, legal framework, regional economic issues, sectorial analysis and energy investment outlook. It also includes energy demand and supply projections for 2025 and beyond.

The energy sector analysis focuses on the region’s main 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 overview of each one of the core countries. A set of original energy maps for the region has been created, together with comparative data tables and economic analysis. 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 and RES installations) are described and fully analyzed. The study also covers latest developments in the energy market liberalization process

both for electricity and gas, market competition, and examines the broader aspects of environmental and energy security considerations in South East Europe. The “SE Europe Energy Outlook 2016/2017” study was carried out over the last two years (2015-2017) with the active involvement and contribution of a 25-member expert team.

One of the key observations of the study is the need for a much better organized and continuous market surveillance and analysis. This is necessary if we are to understand fully and interpret correctly the energy sector’s progress and trends in the region. The poor statistics and lack of reliable information on projects and energy flows in particular make such a task an absolute necessity.

To read the study content & executive summary (22 pg) click here


  • Costis Stambolis – Executive Director, Institute of Energy for South East Europe (IENE), study editor
  • Nikolas Sofianos – Research coordinator IENE, assistant editor
  • Eugenia Gușilov – Director, Romania Energy Center (ROEC), author of Romania chapter
  • Ionuț Purică – Energy expert, Romanian Academy
  • Corneliu Condrea, Director O&G Division, Energy Ministry
  • Valeriu Binig – Business Advisory Partner, Energy Industry Leader, Romania and SEE cluster, Ernst&Young Romania

DATE: October 24, 2017

TIME: 5-7 pm

VENUE: Academy of Economic Sciences (ASE), Ion Angelescu Building, Virgil Madgearu Hall

ADDRESS: Caderea Bastiliei nr. 2-10, and Piata Romana nr. 6, Bucharest



PARTICIPATION: by invitation


Draft Agenda