Energy in Latin America: Production, Consumption, and Future Growth

By Kang Wu; Cynthia Obadia | Go to book overview

Chapter 1
Regional Overview Of Latin American Energy

The Latin American region 1 -- comprising Mexico, Central and South America, and the Caribbean -- is relatively well endowed with energy resources, although the distribution of these resources is uneven across countries. The region produces more energy than it consumes, and the surplus energy, which amounted to 3.2 million barrels of oil equivalent per day (boe/d) in 1992, is mostly oil. From 1980 to 1992, the region's net oil exports (crude and products) increased from about 1.3 million barrels per day (b/d) to 2.8 million b/d.

In this chapter, the current situation of primary energy supply and demand for the entire region, the downstream refining sector, oil product consumption, and natural gas use will be discussed in detail. Since the region's commercial energy activities are dominated by hydrocarbons, the last section will elaborate on the important policy issues in this area.


PRIMARY ENERGY SUPPLY

Total primary energy production in 1991 was 13.9 million boe/d, up 3.5 percent from 13.4 million boe/d in 1990. It increased another 1.3 percent to 14 million boe/d in 1992. In 1991, most of the primary energy produced in the region was petroleum (59.4%), while natural gas (16.3%), and other energy (14.4%) -- firewood, cane products, geothermal power, 2 and others -- accounted for the next largest shares. Hydroelectricity (5.5%), coal (4%), and nuclear power (0.4%) comprised the remaining production shares. By comparison, in 1980 oil accounted for 62.6 percent; gas, 16.6 percent; coal, 1.6 percent; hydroelectricity, 3.7 percent; nuclear power, 0.1 percent; and other energy, 15.4 percent of the region's primary energy production (Figure 1. 1). Between 1980 and 1991, production of oil and gas increased at annual rates of 2.2 and 2.5 percent, respectively, and their shares in

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Energy in Latin America: Production, Consumption, and Future Growth
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • Illustrations xi
  • Abbreviations, Acronyms, and Measurements xvii
  • Foreword xix
  • Preface xxi
  • Chapter 1 - Regional Overview of Latin American Energy 1
  • Notes 12
  • Chapter 2 - Mexico 27
  • Notes 36
  • Chapter 3 - Venezuela 49
  • Notes 57
  • Chapter 4 - Brazil 69
  • Notes 78
  • Chapter 5 - Argentina 91
  • Notes 101
  • Chapter 6 - Colombia 113
  • Notes 120
  • Chapter 7 - Ecuador 133
  • Notes 140
  • Chapter 8 - Trinidad and Tobago 151
  • Notes 159
  • Chapter 9 - Peru 173
  • Notes 180
  • Chapter 10 - Bolivia 193
  • Notes 200
  • Chapter 11 - Chile 211
  • Notes 217
  • Chapter 12 - Future Energy Growth in Latin America 229
  • Notes 240
  • Appendixes 253
  • References 299
  • Index 303
  • About the Author *
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