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 2019 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
60%
renewables in the power mix
98%
electrification rate in 2019
Abstract
Institutions & Energy Policy
The Ministry of Mines and Energy (MEM) is in charge of the energy sector, through three main Directorates: the General Directorate of Hydrocarbons (DGH), the General Directorate of Electricity Hydrocarbons (DGE) and the General Directorate for Energy Efficiency (DGEE).
Energy Supply
Gas:
Gas production increased by about 85% between 2010 and 2016, reaching 14.6 bcm, and then decreased by 13% until 2018. In 2019 production increased by 4% to 13.2 bcm. It had increased sharply after 2004, when it was around 1 bcm, following the start of production at the Camisea field (Pluspetrol). The Camisea fields (Block 56 and 88) account for 84% of the national gas production (2019).
Energy Prices
Oil:
Oil products are subject to the IGV (General Tax on Sales) of 18%, and to the ISC (Selective Tax on Consumption) which varies according to the nature of the fuel. In 2018, the ISC was established around PEN 25-28c/litre (US$7.5-8.4c/litre) for gasoline and PEN 33-37c/litre (US$10-11c/litre) for diesel, thus accounting for around 14% and 12% of the prices, respectively.
Energy Consumption
In 2019, per capita energy consumption was 0.78 toe, which is around 25% below the South American average (around 1.3 toe). Electricity consumption per capita is 1 530 kWh.
Total energy consumption increased very rapidly between 2006 and 2018, driven by rapid economic growth at an average rate of 5%/year, but decreased slightly in 2019 to 25 Mtoe.
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 2019 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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