Key Market Indicators
Energy consumption in Luxembourg is projected to reach 150 exajoules by 2026, down by 0.3% year on year on average. Since 1970, Luxembourg's energy demand has declined by 0.1% annually. In 2021, Luxembourg had the 74th highest energy consumption worldwide, with Latvia in 73rd place. The United States, India and Russia followed in second, third and fourth. Luxembourg's energy supply is estimated to reach 3.54 million tonnes of oil equivalent by 2026, a decrease of 0.5% year on year on average. Since 1965, Luxembourg's energy supply has gone down by 0.8% per year. In 2021, Luxembourg was 121st in the world rankings, with Niger overtaking it at 3.54 million tonnes of oil equivalent. The United States, India and Russia ranked second, third and fourth respectively.