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Chile's Key Energy Statistics world rank
Total Primary Energy Consumption
2016
1.48
Quadrillion Btu
48
Total Primary Energy Production
2016
0.413
Quadrillion Btu
75
Total Petroleum Consumption
2016
352
Thousand Barrels Per Day
41
Imports of Crude Oil including Lease Condensate
2016
158
Thousand Barrels Per Day
34
Primary Coal Imports
2016
12,925
Thousand Short Tons
19
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Map of Chile
Map of Chile

Analysis - Energy Sector Highlights Last updated: December 2016

  • Chile is the only member of the Organization of Economic Cooperation and Development (OECD) in South America. It is the fifth-largest consumer of energy on the continent, but unlike most other large economies in the region, it is only a minor producer of fossil fuels. Therefore, Chile is heavily dependent on energy imports.
  • According to Oil & Gas Journal (OGJ), at the beginning of 2016, Chile held 150 million barrels of crude oil reserves, which are relatively low levels in Central and South America. Chile produced negligible amounts of oil in 2015.
  • Chile imported over 304,000 barrels per day (b/d) of oil in 2015, split between refined petroleum products (approximately 150,000 b/d) and crude oil (167,000 b/d). Imported crude oil, as well as a small amount of domestic oil supply (13,000 b/d), is processed in three refineries owned by the state-owned Empresa Nacional del Petróleo (ENAP), with a total capacity of 233,150 b/d, as of 2015.
  • Traditionally, most of Chile’s crude oil imports originated in other South American countries, particularly Brazil, Ecuador, Colombia, Peru and Argentina. In 2015, Brazil and Ecuador exported the vast majority (98%) of crude oil supply to Chile and supplanted lost shares from Colombia, Argentina, and Peru during the past few years. However, the United States is Chile’s leading source of refined petroleum product imports.
  • Chile has done exploratory drilling in the Magallanes Basin, a shale formation, to increase their domestic oil supply. There is an estimated 2.4 billion barrels of shale oil at the Magallanes Basin.

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Data