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Panama's Key Energy Statistics world rank
Total Primary Energy Consumption
2016
0.406
Quadrillion Btu
77
Total Primary Energy Production
2016
0.067
Quadrillion Btu
114
Hydroelectricity Net Generation
2016
6.5
Billion Kilowatthours
60
Total Consumption of Petroleum Products
2016
155
Thousand Barrels Per Day
63
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Map of Panama
Map of Panama

Analysis - Energy Sector Highlights Last updated: March 2016

  • Panama is not a producer of crude oil, natural gas, or coal. However, the country serves as an energy transit point through its controls of the Panama Canal and Trans-Panama Pipeline.
  • The United States is the leading source of Panama's energy imports, shipping over 64 million barrels of refined petroleum products in 2014.
  • In 2014, hydroelectric power accounted for 54% of Panama's gross electricity generation (9.3 billion kilowatt-hours), while oil-fired generation accounted for 37% and coal represented 7%. Renewables including biomass-fueled generation, wind, and solar made up the remaining portion of less than 1%.
  • To meet domestic demand for electricity, Panama has collaborated with its neighbors to construct shared transmission lines. Panama is one of six Central American countries to join SIEPAC or theSistema de Interconexión Eléctrica de los Países de América Central, a major transmission project completed in late 2014. The 1,118-mile transmission line, with a capacity of 300 megawatts (MW), connects the electricity grids of Panama, Costa Rica, Honduras, El Salvador, Guatemala, and Nicaragua and is managed by an independent system operator. SIEPAC is intended to provide reliable and safe power transmission capacity, enhance the use of renewable power, and increase electricity trade throughout Central America. Another power line, stretching roughly 381 miles with at least 300 MW of capacity, is under development between Panama and Colombia. The project is slated to commence operations in 2018.
  • The Panama Canal expansion program is 97% complete and expected to be finished by June 2016.

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Data