2nd
largest natural gas exporter in South America, behind Bolivia
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This analysis includes a comprehensive Peru 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 2020 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 natural gas exporter in South America, behind Bolivia
63%
renewables share in the power mix
98%
electrification rate in 2019
Abstract
Institutions & Energy Policy
The Ministry of Energy and Mines (MINEM) is in charge of the energy sector, through three main Directorates: the General Directorate of Hydrocarbons (DGH), the General Directorate of Electricity (DGE), and the General Directorate of Mines (DGM).
Energy Supply
Oil:
Oil production has been stable at around 5 Mt since 2017 (4.8 Mt in 2020), after a decrease of almost 30% between 2010 and 2016.
The Nor-Peruano pipeline (854 km), with a capacity of 200 kb/d and which transports oil from Saramuro (Loreto) to the port of Bayovar (Piura), began operations in 2017 after one year of inactivity following damages inflicted by third parties in 2015.
Energy Prices
Gas:
The reference price of natural gas is Camisea. It is composed of an unregulated portion in the exploration well (in Boca de Pozo), a transportation tariff (Tarifa de Transporte de la Red Principal), and a distribution tariff (Tarifa Única de Distribución); both tariffs are determined by Osinergim.
Energy Consumption
In 2020, energy consumption per capita was 0.7 toe, which is around 40% below the Latin American average (around 1.2 toe). Electricity consumption per capita was 1 400 kWh.
Total energy consumption fell by 10% in 2020 to 23 Mtoe due to the Covid crisis. It increased very rapidly between 2006 and 2019 (around 5%year), driven by rapid economic growth.
Issues & Prospects
Peru has been faced with a significant energy demand growth since the mid-2000s, and consequently requires its energy supply capacities to be substantially expanded. According to Peru's National Energy Plan 2014-2025, the country aims to attain a 60% renewables share in 2025 (of which 54% from hydro).
Below is a list of the Peru energy market report graphs:
In the Peru energy market report you will find the following tables:
The Peru energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Peru country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Peru country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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