Europe / Caspian / CIS
Country profile: Belgium
Location: | Western Europe, bordering the North Sea, between France and the Netherlands |
Climate: | temperate; mild winters, cool summers; rainy, humid, cloudy |
Terrain: | flat coastal plains in northwest, central rolling hills, rugged mountains of Ardennes Forest in southeast |
Size: | 30528 sq. km total (Land area: 30278 sq. km Water area: 250 sq.km) |
Population: | 10,403,951 (July 2008 est.) |
Languages: | Dutch (official) 60%, French (official) 40%, German (official) less than 1%, legally bilingual (Dutch and French) |
Government: | federal parliamentary democracy under a constitutional monarchy |
Capital city: | Brussels |
Legal system: | based on civil law system influenced by English constitutional theory; judicial review of legislative acts; accepts compulsory ICJ jurisdiction, with reservations |
Currency: | euro (EUR) |
Licensing: |
Country profile
Belgium became independent from the Netherlands in 1830; it was occupied by Germany during World Wars I and II. The country prospered in the past half century as a modern, technologically advanced European state and member of NATO and the EU. Tensions between the Dutch-speaking Flemings of the north and the French-speaking Walloons of the south have led in recent years to constitutional amendments granting these regions formal recognition and autonomy. The latest Belgium Oil & Gas Report from BMI forecasts that the country will account for 5.7% of developed European regional oil demand by 2010, while making no appreciable contribution to supply.
In Developed Europe, overall oil consumption reached 14.18mn barrels per day (b/d) in 2005. It is set to rise to around 14.83mn b/d by 2010. In terms of natural gas, the Developed Europe region last year consumed 436bcm, with demand of 519bcm targeted for 2010, representing 19.2% growth. Production of 282bcm in 2005 should fall to 277bcm in 2010, which implies net imports rising from last year's 154bcm to some 242bcm by the end of the period. Belgium's share of gas consumption in 2005 was 3.9%, while it has no share of production. By 2010, its share of gas consumption is forecast to be broadly unchanged.
Belgium has a privatised energy sector operating under EU guidelines. There is no upstream oil and gas segment, but downstream oil and gas features a mixture of IOCs and former state companies now in foreign hands. Both the gas and power markets are substantially open to competition, with full opening imminent.
Energy production and consumption
Oil | Gas | |
Production: | 9,000 bbl/day (2006) | |
Consumption: | 591,000 bbl/day (2006) | 16 billion cu m (2005 est.) |
Exports: | 523,400 bbl/day (2006) | NaN |
Imports: | 1 bbl/day (2006) | 17 billion cu m (2005) |
Reserves: | NaN | |
Major fields: |
Belgium - recent news
30 Apr 25 |
Belgium: Vioneo appoints Wood to design world’s first industrial scale fossil-free plastics facility Vioneo has awarded Wood, a global leader in consulting and engineering, a multi-million dollar FEED contract to deliver the front-end engineering design for its revolutionary plant which will produce fossil-free plastics using green methanol. Based in Antwerp, Belgium, the renewably powered and energy efficient plant will be the first facility in the world capable of achieving this at industrial scale. |
22 Apr 25 |
Belgium: TotalEnergies’ Antwerp platform adapts to energy transition challenges and market trends TotalEnergies’ Antwerp platform provides an update on its investments for the future and announces plan to reconfigure its petrochemicals operations to strengthen competitiveness. Thanks to green hydrogen, the Antwerp platform is speeding up its own decarbonization. |
03 Apr 24 |
Belgium: TotalEnergies launches new battery storage project in Belgium TotalEnergies has announced the development of a new battery storage project in Belgium. It will have a power rating of 25 MW and capacity of 75 MWh, thanks to the forty Intensium Max High Energy lithium-ion containers supplied by Saft. Start-up is expected at the end of 2025. |
25 Mar 24 |
Belgium: Parkwind sells Northwind stake to Aspiravi Parkwind, the offshore wind energy developer wholly owned by JERA Co. Inc., has sold its 30% stake in the Belgian wind farm Northwind to Aspiravi, one of its partners in the project. |
15 May 23 |
Belgium: TotalEnergies launches in Belgium its largest battery energy storage project in Europe TotalEnergies has launched at its Antwerp refinery (Belgium), a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh, equivalent to the daily consumption of close to 10,000 households. |
Belgium - more news
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