LITHUANIA

(in Former Soviet Union)

CAPITAL: VILNIUS

POPULATION: 4 mm

AREA (on): 65,200 km2

OIL PEAK: 2011 (forecast)

SUPPLY

Oil production from the coastal basin has increased since oil came onstream in 1991. Although the country has limited prospects output should climb through to 2011/12.

Lithuania has no gas production and none is forecast.

 

DEMAND

The Lithuanian economy grew very rapidly before and after it joined the European Union in 2004 however the Baltic states have been severely hit by the 2008/2009 recession. Oil consumption is expected to remain flat or decline over the next decade whilst gas consumption for both residential and industrial use will rise and imports of gas from Russia will steadily increase.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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