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Argentina
(Last Updated: February 2008)
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Argentina is a significant Latin American energy producer and consumer. It is a net energy exporter, primarily to neighboring Brazil and Chile.
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Bolivia
(Last Updated: December 2007)
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With one of the largest natural gas reserves in South America, Bolivia has the potential to become a natural gas hub for the Southern Cone (Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay).
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Brazil
(Last Updated: October 2008)
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Brazil is the largest country in South America and has experienced rapidly expanding oil, natural gas, and electricity markets in recent years. The country is in the process of recovering from an energy crisis in 2001.
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Chile
(Last Updated: September 2006)
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Chile has limited indigenous energy resources and relies on imports to meet its rapidly growing energy demand. In recent years, Chile has emerged as one of Latin America's most successful economies. Note: Information contained in this report is the best available as of September 2004 and can change.
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Colombia
(Last Updated: September 2007)
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Colombia is an important petroleum and coal producer, although political unrest and stagnant reserves have led to decreased exports in recent years. Colombia aims to boost hydrocarbon exploration to preserve its status as a net oil exporter in the longer term.
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Ecuador
(Last Updated: April 2008)
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Ecuador is one of Latin America's largest crude oil producers. The country's oil exports have increased significantly in the past few years following the construction of a second crude oil pipeline.
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Paraguay/Uruguay
(Last Updated: November 2006)
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Paraguay and Uruguay are both small countries in the Southern Cone that lack sizable domestic hyrocarbon reserves. They are both signifigant producers of hydroelectricity.
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Peru
(Last Updated: June 2008)
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The Camisea natural gas project will likely turn Peru into an important exporter of liquefied natural gas in the near future.
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Venezuela
(Last Updated: October 2007)
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Venezuela is important to world energy markets because it holds proven oil reserves of about 78 billion barrels, excluding billions of barrels of extra-heavy oil and bitumen. Venezuela consistently ranks as one the top suppliers of U.S. oil imports and is among the top ten crude oil producers in the world.
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