Peru energy report
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 2018 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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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).
Gas production increased by about 85% between 2010 and 2016, reaching 14.6 bcm, and then decreased to 12.6 bcm in 2018. 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 around 82% of the national gas production (2018).
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$10-11c/litre) for diesel, thus accounting for around 14% and 12% of the prices, respectively.
In 2018, per capita energy consumption was 0.77 toe, which is around 25% below the South American average (around 1.3 toe). Electricity consumption per capita is 1 480 kWh.
Issues & Prospects
Peru has been faced with a significant energy demand growth since the mid-2000s, and consequently requires its energy supply capacities to be substantially expanded. According to Peru's National Energy Plan 2014-2025, the country aims to attain a 60% renewables share in 2025 (of which 54% from hydro).
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
Below is a list of the Peru energy market report graphs:
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (US$c/kWh)
- GRAPH 7: Consumption trends by energy source (Mtoe)
- GRAPH 8: Total consumption market share by energy (2018, %)
- GRAPH 9: Final consumption market share by sector (2018, %)
In the Peru 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.
The Peru energy market data since 1990 and up to 2018 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:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Peru Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Peru energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
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