Panama Energy Information

Total Energy Consumption

In 2020, energy consumption per capita was 0.9 toe, including 2 100 kWh of electricity.

Total energy consumption dropped by 23% in 2020 to 3.8 Mtoe. Driven by very dynamic economic growth, total energy consumption increased very rapidly between 2009 and 2019 (around 5%/year).

Oil is the main energy source consumed, accounting for 53% of the country's energy consumption, followed by coal (16%), primary electricity (10%, mainly hydroelectricity), biomass (8%), and gas (8%).

Interactive Chart Panama Total Energy Consumption

Crude Oil Production

Panama imports all its oil products (4 Mt in 2020), as the production of oil products ceased in 2003 when the refinery was transformed into an import terminal.

Under the terms of the treaty signed in 1977, the Panama Canal came under Panamanian sovereignty in 1999. In 1982, in order to cope with the increase in traffic, the country commissioned the Trans Panama pipeline (PetroTerminal of Panama S.A.), which runs 131 km through the Panamanian Isthmus. The pipeline has a capacity of around 200 kb/d.

Interactive Chart Panama Crude Oil Production

Renewable in % Electricity Production

The Government is considering launching an auction for 200 MW of renewables to supply state entities and it would be opened to all technologies.

Interactive Chart Panama Share of Renewables in Electricity Production (incl hydro)

CO₂ Fuel Combustion/CO₂ Emissions

The updated NDC (2020) targets a share of 30% of renewables in the electricity generation capacity by 2050 (large hydro excluded) and to expand reforestation to promote carbon absorption.

The Energy sector plans to reduce GHG emissions by 11.5% in 2030 and 24% in 2050 compared to a BAU scenario.

The LULUCF sector targets restoring 50 000 ha of forest by 2050.

CO₂ emissions from energy combustion rose by a factor of 5 between 1990 and 2019; they dropped by almost 30% in 2020 to 9 MtCO₂ after reaching a peak of 12.6 MtCO₂ in 2019.