| Market Research A to Z | Company Profiles A to Z | Register | Contact Us |
| +44 (0) 203 086 8600 Call us on |
Venezuela Power Report Q4 2009
Market |
Energy and Utilities |
Report Type |
Market Research |
Country |
Venezuela |
Published |
28 October 2009 |
Number of Pages |
45 |
Download |
|
Immediate |
|
Publisher |
Business Monitor International |
Oil accounted for 40% of Venezuela's primary energy demand in 2008
This report forecasts that Venezuela will account for 10.49% of Latin America regional power generation by 2013. The Latin America power generation estimate for 2008 is 1,130 terawatt hours (TWh), representing an increase of 2.5% over the previous year. We are forecasting growth in regional generation to 1,320TWh by 2013, representing a rise of 16.9%.
Latin American thermal power generation in 2008 is estimated at 453TWh, accounting for 40.0% of the total electricity supplied in the region. Our forecast for 2013 is 523TWh, implying 15.5% growth, trimming the market share of thermal generation to 39.6% – in spite of environmental concerns that should be promoting renewables, hydro-electricity and nuclear power of environmental concerns that should be promoting renewables, hydro-electricity and nuclear power. Venezuela’s thermal generation in 2008 was around 32TWh, or 7.08% of the regional total. By 2013, the country is expected to account for 7.71% of thermal generation.
For Venezuela, oil is the dominant fuel, accounting for 40.0% of 2008 primary energy demand (PED), followed by gas at 35.8%, and hydro-electric energy with a 24.2% share of PED. Regional energy demand is forecast to reach 726mn tonnes of oil equivalent (toe) by 2013, representing 14.5% growth.
Venezuela’s 2008 market share of 12.84% is set to ease to 12.62% by 2013.
Venezuela is still ranked sixth and last, behind even Mexico, in the power sector Business Environment Ratings, in spite of its likely energy demand growth, considerable generating capacity and low level of energy import dependency. The underdeveloped competitive landscape, regulatory issues and asset renationalisation conspire with country risk factors to deliver a particularly low score that may be insufficient over the longer term to allow Venezuela to challenge Mexico above it.
BMI forecasts an average annual decline of 0.66% in Venezuelan real GDP growth between 2008 and 2013, with a fall of 5.60% forecast in 2009. Population is expected to expand from 28.3mn to 31.0mn over the period, with GDP per capita forecast to increase by 8.5%. Electricity consumption per capita is expected to rise by 4.7% during the period. The country’s power consumption is expected to increase from an estimated 104TWh in 2008 to 119TWh by 2013, providing a continuing theoretical surplus on the basis of 3.3% annual average growth in electricity generation. Between 2008 and 2018, we are forecasting an increase in Venezuelan electricity generation of 45.3%, which is around the middle of the range for the Latin America region. This equates to 25.2% in the 2013-2018 period, up from 16.1% in 2008-2013. PED growth is set to rise from 12.6% in 2008-2013 to 22.8% in 2013-2018, representing 38.3% for the entire forecast period. An increase of 41% in hydro-power use during 2008-2018 is one key element of generation growth. Thermal power generation is forecast to rise by 57% between 2008 and 2018. More details of the longer-term power forecasts can be found later in this report.
Last Viewed
Venezuela Power Report Q4 2009Methanol - A Global Market Report
Telecom Italia Company Profile
Toys and Games in South Africa
India Air Transport Market 2009
Become an Affiliate
Do you manage an industry specific website or blog? Are you looking to monetise your web traffic further? Are you a B2B website?
Why not offer your visitors industry specific strategic market reports and company profiles? Our Affiliate Program enables you to provide quality content on your website and to earn money from passing on visitors to our website. If a sale is made from your visitor, you earn commission (a fixed percentage of the price of a product).
Custom Research
Cannot find what you need? We can tailor a report for you. Complete the Custom Research Form and we will provide a quote.
News
Gas may be the future for Australia's energy export industry
Distributed Generation Market for Renewable Technologies to Hit USD 66.4 Billion by 2015
Depleting Water Reserves in China Driving Investment in Water Retention Technology
Market Insights
Currently there are no Market Insights in this sector.
