Brazil energy report

• Brazil targets a share of 48% of renewables in its energy mix in 2029 and a 43% cut in GHG emissions in 2030.
• Eletrobras, the federal holding company, owns about 30% of the power capacity.
• Petrobras is responsible for over 90% of the oil output, of which 66% comes from pre-salt production.
• Renewables account for 83% of power generation, 65% of which is hydro.
• Solar capacity grew by around 70% in 2020 to 7.7 GW.
• Crude oil exports have tripled since 2013.
• Gasoline and diesel prices are quite low compared to regional levels. Ethanol continues to be a cheap option.
• Electricity prices have been stable since 2013 and are among the highest in Latin America.
• Total energy consumption has remained stable since 2016.
• The country's consumption is booming and should double by 2050.

• Institutions & Energy Policy

  The Ministry of Mines and Energy (MME) has the responsibility for the whole energy sector. The National Council for Energy Policy (CNPE), composed of government representatives, experts in energy and non-governmental organisations, establishes the energy policy.

  EPE, the Energy Research Company under MME, is in charge of energy planning.

• Energy Companies

  Oil:

  Petrobras (Federal Government 50.3% of common shares and 28.7% of capital stock) is the national oil and gas company and the largest Brazilian company.

• Energy Supply

  Oil:

  The country's oil production grew at the rapid pace of 4.5%/year between 2000 and 2017, bringing it to 137 Mt; it decreased slightly in 2018 (-1.4%) and rebounded in 2019 (+7%) and 2020 (+7%) to 156 Mt. On average, 60% of production comes from the pre-salt.

• Energy Prices

  Gas:

  The gas price is revised every quarter and dropped by 30% in 2020 to US$3.73c/kWh after a substantial increase in 2019.

  Graph: GAS PRICES FOR INDUSTRY (US$c/kWh GCV)

  

• Energy Consumption

  With a per capita consumption of 1.3 toe (2020), Brazil is within the average range for semi-industrialised countries but well below the European average of 3 toe.

  Total energy consumption remained roughly stable between 2016 and 2019 and decreased by only 2% in 2020 to 286 Mtoe. It increased at a fairly rapid pace between 2000 and 2014 (3.5%/year, on average).

• Issues & Prospects

  According to the 10-Year Energy Expansion Plan 2030 (Plan Decenal de Expansão de Energia 2030, PDE 2030), final energy consumption should grow by an average of 2.2%/year between 2019 and 2030. Electricity consumption is expected to increase by 3.1%/year, oil products by 1.4%/year, gas by 4.9%/year, and coal by 1.8%/year.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

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Below is a list of the Brazil energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2020, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Gas prices for industry (US$c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2020, %)
• GRAPH 10: Final consumption market share by sector (2020, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2020, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2020, %)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2020, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2020, %)

In the Brazil energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The Brazil country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

• Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
• Power: Electricity generation & capacities, by technology.
• CO₂: Total CO₂ emissions.
• Macro-economy: Main macro-economic assumptions.
• Key indicators: Energy intensity, share of renewables, CO₂ emissions per capita and per unit of GDP.