Current energy trends and the achieved level of sustainability of the petroleum industry in Serbia were analysed in this paper. Certain impacts of this sector on the environment were also considered, primarily through the emission of greenhouse gases. The latest publicly available data on the energy balance and emissions in this sector from the published reports of the NIS company for the year 2021, as a key representative of the oil and gas industry in Serbia, were used for the analysis. Based on the calculated energy indicators, a high level of energy consumption was confirmed in Serbian petroleum sector. In terms of energy security, this industry sector is mostly dependent on imported raw materials. The highest energy consumption within the sector is in the domains of exploration, production and processing, while the domains of trade and transport are less represented. The spatial distribution of energy consumption within the sector is uneven. Such trends are also present in comparable energy sectors in the region of Central and Southeastern Europe. Emissions of greenhouse gases from the activities of the petroleum industry in Serbia for 2021 are estimated at the level of 2.7% of total domestic emissions (according to the available 2019 trend. The largest part is emissions due to processing, followed by exploration and production. Sustainability indicators confirm a certain negative impact of this sector on the emission of greenhouse gases, the largest part of which was direct emissions. Observed trends and tendencies to reduce total energy consumption and neutralize environmental pollution remain key for the entire petroleum sector in Serbia. It is expected that the current projects will provide measurable benefits of increasing energy efficiency and sustainability of the sector in the coming period. Their implementation is beyond question and should not be delayed.
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