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Panama Energy Information

Panama Key Figures

Population: 4.25 million
GDP growth rate: 3.01 %/year
Energy independence: 17.6%

Data of the last year available: 2019
Total consumption/GDP:* 70.1 (2005=100)
CO2 Emissions: 2.82 tCO2/capita
Rate of T&D power losses: 11.7%

* at purchasing power parity

View all macro and energy indicators in the Panama energy report

Panama Related News

View all news, archive your new and create your own daily newsletters only on your topics/countries of interest with Key Energy Intelligence

Panama Related Research

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

A data overview is available in the global energy statistics app

Total Energy Consumption

In 2019, per capita energy consumption was 1.1 toe, including around 2 300 kWh of electricity.

Driven by a very dynamic economic growth, total energy consumption has increased very rapidly since 2009 (around 4.4%/year).

Oil is the main energy source consumed, accounting for 62% of the country's energy consumption, followed by coal (11%), hydroelectricity (10%), gas (10%), and biomass (7%).

Electricity consumption has grown at around 5.5%/year since 2009 to 9.8 TWh in 2019.

Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

Interactive Chart Panama Total Energy Consumption

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Panama energy report

Crude Oil Production

Panama imports all its oil products (8 Mt in 2019).

The national 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

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

Additionally, for more detailed information on refineries, you can request a sample of our America Refineries Dataset

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)

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

CO2 Fuel Combustion/CO2 Emissions

In December 2020, Panama submitted an update of its NDC. It 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 by 11.5% in 2030 and 24% in 2050 compared to a BAU scenario.

The LULUCF sector targets to restore +50 000 ha of forest by 2050 compared to 2021.

CO2 emissions from energy combustion have been multiplied by a factor of 4 since 1990. In 2019, the emissions reach 12 MtCO2.

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