Energy Reports

Ecuador energy report

Ecuador energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated Ecuador energy market data.

Ecuador energy report
Update: April, 2020
Format: 2 files (PDF report, Excel file)
Pages: 28 (Report only)
Delivery: Immediate by e-mail


Ecuador energy market report offers an incisive and reliable overview of the energy sector in Ecuador. With a focus on oil, gas, coal and power markets, 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.

  • Institutions & Energy Policy

    The Ministry of Energy and Natural Non-Renewable Resources (MERNNR) is in charge of the country's energy policy. It was created following the 2018 merger of the Ministry of Electricity and Renewables, the Ministry of Hydrocarbons and the Ministry of Mining.

    Ecuador's energy policy focuses on three main pillars: energy security, sustainable energy development, and energy efficiency ...

  • Energy Companies


    Petroecuador took control of the Amistad gas field in 2010 after the refusal of Noble Energy Inc. (NBL) to change its production-sharing contract to a new service agreement.

  • Energy Supply


    The country has proven oil reserves of 1 100 Mt (3rd largest in South America), proven gas reserves of 11 bcm and proven coal reserves of 26 Mt (end of 2018). Ecuador has substantial hydroelectric resources; the unused potential is estimated at 28.6 GW.

  • Energy Prices


    The prices of electricity are US$8.1c/kWh, both for industry and the residential sector (2019). Prices are rather stable and very low compared to Colombia (50% lower for both households and industry) and Peru (45% lower for households and 20% for industry).


  • Energy Consumption

    Per capita energy consumption is around 0.86 toe, a level 33% below the South American average (2018). Per capita electricity consumption is approximately 1 500 kWh.

    Energy consumption increased rapidly between 2005 and 2015 (3.7%/year), reaching 15 Mtoe in 2015. It decreased in 2016 and has been stable since then (14.5 Mtoe in 2018), as a result of low economic growth.

    Oil ...

  • Issues & Prospects

Download the Table of Contents

In the Ecuador market report you will find the graphs mentioned below:

  • 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 Ecuador market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Ecuador market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2018 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.
  • Ecuador Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Ecuador 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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