HIGHLIGHTS IN URUGUAY
In 2008 Uruguay discovered an important offshore gas reserve located approximately 100 km of Punta del Este. A round of attribution of exploration licences were launched in 2009. Uruguay expects to heavily exploit these reserves.
Latin America’s total energy production slightly fell by around 2%. Furthermore the net exporting region Latin America experienced a cut of -4% in its trade surplus.
WHAT YOU WILL FIND IN THIS REPORT
The Uruguay energy market report is a reliable source for understanding the key issues and dynamics shaping the Uruguayan 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 Uruguayan energy sector. The report details the sub-sectors of the energy industry (Crude Oil, refined oil products, Natural Gas, Coal, Electricity and Renewable) in Uruguay.
In this report you will find:
Multi-energy approach: oil, oil products, gas & LNG, power, coal, renewable
Recent energy and climate change policy development, and an assessment of its impact
Key companies operating in each sub-segment of the Uruguayan energy industry, and assessment of the competitive landscape.
Up-to-date insight on market structures, regulatory developments, and asset developments
Market dynamics and trends, detailed by energy and by sector
Analysis supported by a large number of time series on 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
Analysis of the likely evolution of the market and key industry drivers
MAIN REASONS TO BUY THIS REPORT
Obtain up-to-date, insightful and standardised information by country
Assess how national regulations impact the Uruguayan energy industry
Identify growth segments and opportunities in the industry
Get a view of the entire value
Uruguay energy report Latest update: April 2010 Table of Contents LIST OF GRAPHS & TABLES 2 INSTITUTIONS AND ENERGY POLICY 3 ENERGY COMPANIES 3 ENERGY SUPPLY 4 ENERGY PRICES 5 ENERGY CONSUMPTION 5 ISSUES AND PROSPECTS 6 GRAPHS & DATA TABLES 7 Uruguay 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 (2008, %) Graph 2: Power Generation by Source (2008, %) Graph 3: Consumption trends by Energy Source (Mtoe) Graph 4: Total Consumption Market Share by Energy (2008, %) Graph 5: Final Consumption Market Share by Sector (2008, %) 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 technology (5) 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 Uruguay Energy Report – Copyright© Enerdata – All rights reserved 2 www.enerdata.net INSTITUTIONS AND ENERGY ENERGY COMPANIES POLICY Electricity Of the total production, transport and The Ministry of Industry, Energy and distribution of electricity, 95% is controlled Mines supervises the energy sector and the by a public company, Administración energy companies, with the exception of the Nacional de Usinas y Trasmisiones company that manages the Salto Grande Eléctricas (UTE). The remainder comes from joint hydroelectric plant between Uruguay autoproducers. UTE has the monopoly on and Argentina, which is under the direct transport and distribution. Under the terms of management of the Ministry of Foreign the new electricity sector regulations, UTE is Relations. allowed to acquire up to a total of 40% of any project for the construction of new power In December 2002 an organisation called stations. URSEA was created to regulate the country’s energy and water services. Its role is to The hydroelectric plant shared between advise the Government on the Uruguay and Argentina in Salto Grande is implementation of the energy policy and to exploited by a mixed public company, make sure that the current standards are CTMSG. That company sells the electricity being respected. produced under the production volume allocated to Uruguay, to UTE. That volume, The policy aims to reduce the country’s as well as the selling prices (in dollars), is hydroelectricity dependence. The strategy defined according to a convention between consists of the development of thermal power the two countries. plants and gas reserves. Oil Electricity The national oil company, Administración In June 1997, the Uruguayan Parliament Nacional de Combustibles, Alcohol y approved a set of measures aimed at the Portland (Ancap), is involved in the liberalisation of the electricity sector, both at exploration of oil, together with foreign the level of production, by authorising the companies. It has a 50 000 bl/day refinery in entry of independent producers, and at the Teja, Montevideo. Following the approval in level of distribution. So far, no private January 2002 of a law aimed at the operators have entered the market. abrogation of Ancap’s monopoly and the authorisation of the entry of foreign capital Administración del Mercado Eléctrico into the sector, the Government launched the (AME) is in charge of the management of the process for the partial privatisation of Ancap. electricity market. The privatisation was rejected in a referendum held in December 2003. The Uruguayan Parliament has decided to stop considering any nuclear plans for the In 2006 Petrobras purchased Shell’s future. distribution network and now has a market share of 22%. As far as the lack of additional energy resources is concerned, the main issue Gas regards the development of gas projects Gasoduto del Litoral (100% Ancap) owns based on imported gas. and operates the gas pipeline which supplies Uruguay Energy Report – Copyright© Enerdata – All rights reserved 3 www.enerdata.net the town of Paysandu at the border with three dams owned by UTE (Terra Dam (152 Argentina. MW), Baygorria (108 MW), Constitución (333 MW)) and the mixed Uruguay-Argentina Gasoducto Cruz del Sur (BG 40%, Pan Salto Grande hydro power plant with a total American 30%, Ancap 20% and Wintershall capacity of 1,890 MW, half of which (945 Energie 10%) manages the gas pipeline that MW) for Uruguay. The remainder of the supplies Montevideo and the south of the capacity is thermal and is distributed between country from Argentina.
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