HIGHLIGHTS IN CHILE
Chilean gas imports from Argentina have continued to decrease. Chile is diversifying its energy sources with the commissioning of two LNG terminals and the construction of coal-fired power plants, of which several came on line recently.
These actions are occurring as Latin America is facing a slight energy production decrease. Again hydrocarbons producing countries of which Venezuela and Mexico were more largely impacted.
Furthermore the net exporting region Latin America experienced a cut of -4% in its trade surplus.
WHAT YOU WILL FIND IN THIS REPORT
The Chile energy market report is a reliable source for understanding the key issues and dynamics shaping the Chilean energy industry. With timely, up-to-date energy industry data and demand forecasts, this report will help you identify and exploit challenges and opportunities in the Chilean energy sector. The report details the sub-sectors of the energy industry (Crude Oil, refined oil products, Natural Gas, Coal, Electricity and Renewable) in Chile.
In this report you will find:
-Overview of energy industry sub-segments: oil, gas, coal, power, renewable
-Recent energy and climate change policy development, and an assessment of its impact
-Key companies active in the Chilean energy industry, along the value chain of each sub-segment
-Up-to-date insight on market structures, regulatory developments, and asset developments
-Market dynamics and trends, detailed by energy and by sector
-Historical data and trends relating to production, consumption, imports, exports and reserves for each industry sub-segment
-Projects under development in the country, including power plants, refineries, LNG terminals, gas pipelines
-Key drivers of change and future issues for each energy type
MAIN REASONS TO BUY THIS REPORT
-Understand market dynamics and future industry trends
-Identify key companies activities and strategy in the Chilean market
-Assess how national regulations
Chile energy report Latest update: August 2010 Table of Contents LIST OF GRAPHS & TABLES 2 INSTITUTIONS AND ENERGY POLICY 3 ENERGY COMPANIES 4 ENERGY SUPPLY 6 ENERGY PRICES 7 ENERGY CONSUMPTION 8 ISSUES AND PROSPECTS 8 GRAPHS & DATA TABLES 11 Chile Energy Report – Copyright© Enerdata – All rights reserved 1 www.enerdata.net LIST OF GRAPHS & TABLES List of Graphs Graph 1: Installed Electric Capacity by Source (2009, %) Graph 2: Power Generation by Source (2009, %) Graph 3: Consumption trends by Energy Source (Mtoe) Graph 4: Total Consumption Market Share by Energy (2009, %) Graph 5: Final Consumption Market Share by Sector (2009, %) Graph 6: Primary Consumption since 1970 List of Tables Table 1: Economic indicators Population, GDP growth Imports & exports Inflation rate, exchange rate Table 2: Supply indicators Oil & Gas proven reserves Electric & refining capacity detailed by source Production by energy source Power production by source External trade by energy Table 3: Demand indicators Consumption / inhabitant Consumption trends Total consumption by energy Final consumption by energy and by sector Electricity consumption by sector Energy security indicators Energy efficiency indicators CO2 emissions Table 4: Energy Balance Total energy balance Detailed energy balance by energy Chile Energy Report – Copyright© Enerdata – All rights reserved 2 www.enerdata.net INSTITUTIONS AND ENERGY Chile became a member of the OECD in May 2010. POLICY Electricity The Ministry of Energy was created in The process for the privatisation of the March 2010. It is responsible of energy policy electricity sector, which started in 1980, has and planning and for the supervision of the today been completed, leaving the role of national oil company ENAP (previously a task regulating the sector to the State. of the Ministry of Mines). The electricity sector is regulated by the law of January 2004 (Ley Corta). The National Energy Commission (CNE, Comisión Nacional de Energía), created in Three organisations are involved in the 1978 by the Ministry of Mines and Energy, electricity sector: CNE for the control of plays an important role in the implementation standards and tariffs, SEC for concessions of energy efficiency policies and the and CDEC (Centro de Despacho introduction of renewable energies. The CNE Económico de Carga) for the coordination now acts as the technical body of the Ministry of the electricity grids. CDEC is composed of of Energy and is responsible of controlling the main producers operating on their prices in the regulated sector of the network: they set exchange spot prices electricity market (previously a task of the between companies based on the marginal Ministry of Economy). production cost. The Superintendence of Electricity and There are three types of markets: one for Fuels (SEC) is in charge of controlling and small consumers (less than 500 kW), for monitoring the sector and manages the whom the price is controlled and reassessed requests for final concessions. every 6 months on the basis of the marginal cost of production expected over the next 24- The country’s energy policy is aimed, on the 48 months; a spot price for electricity for one hand, at supporting the economic growth customers consuming more than 500 kW, for by encouraging the development of the whom the price is fixed every hour by the energy supply, in particular through the network CDEC; and, finally, a “free” market electrification of the whole country; and, on which allows consumers of more than 500 the other hand, at reducing the energy KW to negotiate directly with the electricity demand and implementing a voluntary producers. energy efficiency policy, as well as developing cogeneration in the large industries. The Gas control exerted by the public authorities on Faced with an increasing energy demand and the energy sector is limited, since the State the unpredictability of hydroelectricity, Chile adopted a non-interventionist stance. has, over the last few years, encouraged the development of gas consumption by The observed growth of the electricity importing gas from Argentina. Today, the fact demand has led the country to seek solutions that the country relies on a single supplier to anticipate possible future supply that seems to have difficulties in difficulties. Those solutions include the guaranteeing regular supplies, appears to implementation of a new regulatory have become an issue in Chile. framework that would encourage investments The gas market is not regulated, except in in electricity generation as well as in the area of Magellan, which is where most of transport. The said project is still being the Chilean gas is produced. discussed. Chile Energy Report – Copyright© Enerdata – All rights reserved 3 www.enerdata.net Efficiency been financed by this fund. It was Energy efficiency only began entering energy commissioned in 2002. policy legislation in a significant manner from 2005 with the National Energy Efficiency Program (PEEE). The creation of an Energy ENERGY COMPANIES Efficiency Agency and an EE Action Plan for 2010
Pages to are hidden for
"Chile energy report"Please download to view full document