Energy policies of IEA countries : Portugal 2004 review

Annotation The government decided in 2003 to restructure the energy sector. Natural gas is becoming a major part of the energy supply, reducing the country's reliance on oil (which was 62 per cent of energy consumption, well above the 41 per cent IEA average). Market liberalisation in both the gas and electricity sectors is reviewed, and the moves to create a common Iberian market with Spain are discussed. Energy demand continues grow faster than GDP, and the scope for much greater energy efficiency is clear. Read more... The government of Portugal is to be commended for the successful introduction of natural gas into the energy mix. Natural gas will reduce Portugal's high dependence on imported oil and provide greater diversity of energy supply. The new underground storage facility at Carriço and the liquefied natural gas terminal at Sines will also enhance security of supply