The key energy sources of Latvia are hydro and biomass. Hydro reserves are seen at some 7.2 TWh of which 3.9 TWh would be economically exploitable. Referring to the biomass more than 50 % of the country is covered with forest. Other resources like coal and gas are non-existent, so Latvia depends on Russia for its gas supply.
In 2017 Latvia’s electricity supply consists of the following energy sources: 27.47% natural gas, 58.17% hydro, 12.55% biomass and waste and 2% wind.
The main energy source for energy supply in Latvia is oil, which accounts 40 % of total energy supply. It should be noted that Latvia doesn’t have its own refinery. All its refined products have to be imported by rail and pipeline from Russia, Belarus and Lithuanian. The oil imports have been increasing steadily since 2010 and reached 2.6 Mt/year in 2016. Referring to the energy supply oil raises form 1.34 Mtoe in 2000 to about 2.2 Mtoe in 2017.
At 30 % of total energy supply, biomass takes the second place among the energy sources for energy supply. Biomass production in Latvia rises from 0.95 Mtoe in 2000 up to about 1.4 Mtoe in 2017, which is an increase of nearly 58 %.
The third largest energy source to supply Latvia with energy is gas. Latvia’s gas supply has hardly changed in the last 15 years and accounts for almos 1 Mtoe in 2017.
Last update: 09 2019