Key Market Indicators
Sri Lanka's energy consumption is projected to reach 0.37 exajoules by 2028, up from 0.35 exajoules in 2023, marking a 1% annual growth rate. Historically, the country's energy demand has decreased by 1.8% annually since 1970. In 2023, Sri Lanka ranked 69th globally in energy consumption, with Croatia surpassing it at 0.35 exajoules. The United States, India, and Russia secured the second, third, and fourth positions, respectively. On the supply side, Sri Lanka's energy provision is set to hit 13.62 million tonnes of oil equivalent by 2028, rising from 12.76 million tonnes in 2023. This represents a 1.1% annual growth rate. Since 1976, the country's energy supply has increased by 1.8% annually. In 2023, Sri Lanka ranked 19th in energy supply, with Ghana slightly ahead at 12.76 million tonnes of oil equivalent. France, Saudi Arabia, and the United Kingdom occupied the second, third, and fourth spots, respectively, in this ranking.
