Key Market Indicators
Czech energy consumption is projected to remain stable, reaching approximately 1.67 exajoules by 2028, the same level as in 2023. This stability comes despite a consistent annual decline of 1% in demand since 1970. In the global ranking for 2023, the Czech Republic held the 46th position, with Turkmenistan slightly ahead at 1.67 exajoules. The United States, India, and Russia occupied the second, third, and fourth spots, respectively. On the supply side, Czech energy provision is expected to decline marginally. By 2028, the supply is forecasted to drop to about 39.8 million tonnes of oil equivalent, down from 40.2 million tonnes in 2023. This represents an average annual decrease of 0.2%. Historically, since 1976, the Czech energy supply has been decreasing at an annual rate of 1.5%. In 2023, the Czech Republic ranked 10th globally in terms of energy supply. Qatar surpassed it with a supply of 40.2 million tonnes of oil equivalent. France, Saudi Arabia, and the United Kingdom took the second, third, and fourth positions, respectively.
