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Belgium's oil and gas market is relatively small but significant, with a focus on refining, storage, and distribution. The country is a net importer of both oil and gas, relying heavily on its neighbors for supply. However, Belgium is also a key player in the European energy market, thanks to its well-developed infrastructure and strategic location.
Key Figures
Belgium's oil production is around 50,000 barrels per day (bpd).
Belgium's natural gas production is around 1.5 billion cubic meters (bcm) per year.
Belgium's oil refining capacity is around 300,000 bpd.
Belgium's natural gas storage capacity is around 18 bcm.
The Belgian government spends around €1 billion annually on oil and gas products and services. This includes procurement for heating, transportation, and industrial use. The government also plays a role in regulating the oil and gas market and promoting the use of renewable energy sources.
The Belgian government procures a wide range of oil and gas products and services, including:
Crude oil
Refined petroleum products
Natural gas
Liquefied natural gas (LNG)
Oil and gas storage services
Oil and gas transportation services
The top authorities for Belgium oil and gas procurement are:
The Federal Public Service for Economy (SPF Economy)
The Federal Public Service for Energy (SPF Energy)
The Public Service of Wallonia (SPW)
The Flemish Public Service (VLAAMS OVERHEIDSBEDRIJF)
The Brussels-Capital Region
The top winners of Belgium oil and gas procurement are:
Total Energies
Shell
ExxonMobil
BP
Engie
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