The Energy and OilMinistry lays down the country's energy policy and supervises all the energy companies. The Ministry of Electricity was created in 2009 and supervises the electricity sector. The Planning Ministry (Cordiplan...
Venezuela energy report
Venezuela 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 Venezuela energy market data.
Format: 2 files (PDF report, Excel file)
Pages: 18 (Report only)
Delivery: Immediate by e-mail
- Institutions & Energy Policy
- Energy Companies
PDVSA Gas, a subsidiary of the public oil company, is in charge of the exploration and the exploitation of gas, as well as of the production and sale of LNG on national and international markets.
Repsol YPF is the largest private producer, producing on...
- Energy Supply
Oil production has been declining since 2005, dropping from 182 Mt to 159 Mt in 2013 (-13%).
Crude oil production decreased strongly between 1998 and 2003 (-24%) because of OPEC's production quotas and PDVSA's 2002-2003 strike. In 2005 it recovered to its 1998 level.
- Energy Prices
The Government controls the prices. The prices of premium gasoline and diesel are very low in comparison to the other countries of the region and to international levels, equalling US$2.0c/l and US$1.1c/l, respectively (2012).
- Energy Consumption
Energy consumption per capita (2.5 toe, including 3 000 kWh in 2013) is relatively high compared to the level of income per capita. It is the highest in South America.
In 2013, the overall consumption amounted to 77 Mtoe, with oil accounting for 56%, gas for 33% and hydroelectricity for...
- Issues & Prospects
The priority of the Venezuelan energy sector is the development of its large reserves, which make it one of the world's key players today but especially in the future (if light oil and heavy oil are taken into account the country's reserves are among the largest in the world). Therefore, and in...
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
In the Venezuela market report you will find the graphs mentioned below:
- Graph 1: Installed Electric Capacity by Source (2012, %)
- Graph 2: Power Generation by Source (2012, %)
- Graph 3: Consumption trends by Energy Source (Mtoe)
- Graph 4: Total Consumption Market Share by Energy (2012, %)
- Graph 5: Final Consumption Market Share by Sector (2012, %)
- Graph 6: Primary Consumption since 1970
In the Venezuela 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 Venezuela market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.
2012 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.
- Venezuela Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Venezuela 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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