Croatia imports over 50% of the total of about 300 PJ (petajoules) of energy consumed annually. It imports 80% of its oil needs, 40% of gas, 34% of electricity, and 100% of coal needs. Due to the expected three percent annual increase of energy demand and the projected exhaustion of Croatia’s own oil and gas resources during the next ten years, its dependence on imported energy will continue to grow.
In the electric power generation sector, the strategy has identified the need for construction of a total of about 3,500 MW of the installed capacity (the current total capacity is about 4,000 MW, of which about 1,100 MW is in facilities at the end of their life-cycle).
In the oil and gas sector, it has identified the need for construction of additional oil and gas pipelines, an LNG terminal and gas storages.
Upgrades and modernization are also needed in the district heating sector. The estimated total investment in these projects exceeds EUR 14 billion (about EUR 1.5 billion annually). An estimated 60% of the investments would be needed in the electric energy sector, 30% in the oil and gas sector, and 10% in the district heating sector. Croatia does not have sufficient financial and technology resources for these investments and it will highly depend on foreign investors and equipment suppliers.