The 'tonne of oil equivalent' ('toe') is a
unit of energy: the amount of energy released by burning one
tonne of
crude oil, approximately 42
GJ (as different crude oils have different
calorific values, the exact value of the ''toe'' is defined by convention; unfortunately there are several slightly different definitions as discussed below).
The ''toe'' is sometimes used for large amounts of
energy, as it can be more intuitive to visualise, say, the energy released by burning 1000 tonnes of oil than 42,000
billion joules (the
SI unit of energy).
A
barrel of oil equivalent (boe), also a unit of energy, contains approximately 0.146 toe (i.e. there are approximately 6.841 boe in a toe).
Multiples of the ''toe'' are used, in particular the megatoe (Mtoe, one million toe) and the gigatoe (Gtoe, one billion toe).
The
IEA/
OECD define one ''toe'' to be equal to 41.868
GJ [1] or 11.630
MWh.
Some organisations use other conversion factors, for example:
★ 1 toe = 42 GJ
★ 1 toe = 41.85 GJ
[2]
★ 1 toe = 7.11, 7.33, or 7.4 boe
★ 1 'tonne petroleum equivalent' (TPE), a
parameter used in
renewable energy, 45.217
gigajoules.
References
1. American Physical Society
2. Definition at 41.85 GJ
See also
★
Conversion of units
★
Energies per unit mass