2nd
largest biofuel producer
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This analysis includes a comprehensive Brazil energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
2nd
largest biofuel producer
7th
largest wind capacity
2nd
largest hydropower producer
Abstract
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 5.5%/year between 2013 and 2020, and decreased in 2021 (-1%) to 152 Mt. On average, 60% of production comes from the pre-salt.
The country is a net exporter of crude oil (net exports of 57 Mt in 2021); crude oil exports increased by around 20%/year between 2013 and 2020, reaching 70 Mt in 2020. They decreased by 2.5% in 2021.
Energy Prices
Oil:
Gasoline and diesel prices in Brazil are relatively low compared to neighbouring countries like Chile or Colombia (around 50% and 20% lower, respectively). In 2021, the price of gasoline was US$1/l (+21% from 2020 levels) and that of diesel US$0.8/l (+19%).
Energy Consumption
With a per capita consumption of 1.4 toe (2021), Brazil is within the average range for semi-industrialised countries but well below the European average of 3 toe.
Total energy consumption rebounded by 7% in 2021 to 308 Mtoe after a 2% reduction in 2020. It remained roughly stable between 2016 and 2019, and increased at a fairly rapid pace between 2000 and 2014 (3.5%/year).
Issues & Prospects
According to the 10-Year Energy Expansion Plan 2031 (Plan Decenal de Expansão de Energia 2031, PDE 2031), final energy consumption should grow by an average of 2.5%/year between 2021 and 2031. Electricity consumption is expected to increase by 5.2%/year, oil products by 1%/year, gas by 4.9%/year, and coal by 2.7%/year.
Below is a list of the Brazil energy market report graphs:
In the Brazil energy market report you will find the following tables:
The Brazil energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Brazil country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Brazil country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Brazil country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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