Europe · BEL
Belgium
Antwerp refining and Zeebrugge LNG on a nuclear-and-gas grid.
Oil production
0.0 mb/d
0.6 mb/d demand
Net oil
-0.6 mb/d
Import gap
Gas production
0 bcm
Net -15 bcm
O&G rent
0.0%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption0.6 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production0.0 bcm
Consumption15 bcm
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
0.7 mb/d
LNG
6 bcm import
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil54%
- Gas46%
Economy
The ARA complex is Europe’s product warehouse. Reactor lifetime votes move industrial power prices.
- GDP
- $0.7 tn
- Population
- 11.8 m
- Oil intensity
- 0.4 bbl /$1k
- Oil & gas rent
- 0.0% GDP
- Hydrocarbon trade
- 3.1% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -10.5 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.5 mb/d (net -0.5) versus NZE 0.3 mb/d (net -0.3).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.6 | 0.6 | 0.5 | 0.4 |
| Net Zero 2050 | 0.6 | 0.5 | 0.3 | 0.1 |
| Current Policies | 0.6 | 0.6 | 0.5 | 0.4 |