Key Market Indicators
Mongol Energy Supply is projected to reach 8 million tonnes of oil equivalent by 2028, up from approximately 7 million tonnes in 2023. This represents an average annual growth rate of 2.1%. Since 1990, the country has seen a steady increase in its energy supply, averaging a 4.6% year-on-year growth. In the global rankings for energy supply in 2023, Mongolia held the 23rd position, with Lebanon slightly ahead at the same level of 7 million tonnes of oil equivalent. Leading the rankings were France, Saudi Arabia, and the United Kingdom, occupying the second, third, and fourth spots respectively.
