Technical FAQs 3

Who is responsible for the development of energy plans in Venezuela?

The Planning Ministry (Cordiplan)is involved in the development of the energy plans and the definition of the sector's main priorities. PDVSA Gas is in charge of the exploration and the exploitation of gas, as well as of the production and sale of LNG on national and international markets. Venezuela has substantial hydrocarbon reserves.

How much oil does Venezuela have?

Venezuela has substantial hydrocarbon reserves. The proven oil reserves, including non-conventional resources, reached40 Gt in 2016, making them the largest in the world, and they are expected to increase.

How much energy does South America consume per capita?

Energy consumption per capita (1.7toe, including nearly 2 100 kWh of electricity in 2016) is relatively high compared to the level of income per capita. It is the highest in South America. However, both energy and electricity consumption per capita has been decreasing since 2013 (17% and 16% drop, respectively).

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