VENEZUELA ENERGY IN FIGURES - Servicios IESA

Within the BRIC (Brazil, Russia, China and India) shows much higher growth in China and India relative to the
rest of the group.
PROJECTED DEMAND BRIC
16
14
MILLION BARRELS DAILY
12
10
8
6
4
CHINA
INDIA
BRAZIL
RUSSIA
2
0
2011 2015 2020 2025 2030 2035
PROJECTIONS 2011 – 2035 / GAS
Regarding natural gas production, the International Energy Agency projects a steadily growing trend for
Venezuela, with compound annual growth of 4.55 percent, showing a considerable acceleration from 2025
and a slowdown in growth in 2030.
EXPECTED PRODUCTION VENEZUELA - THE AMERICAS
100
90
BILLIONS OF CUBIC METERS
80
70
60
50
40
30
20
10
VENEZUELA
BRAZIL
ARGENTINA
0
2010 2015 2020 2025 2030 2035
Despite the positive forecasts for Venezuelan production, Brazil stands out for its sharp rise beginning 2015,
reaching a compound annual rate of 7.28 percent on a sustained basis throughout the estimated timeframe.
In contrast, Argentina has a less favorable performance, with an annual rate of 1.82 percent.
At the continental level, there is a growing trend of 1.13 percent in U.S. crude oil production due to shale gas
developments. Meanwhile, Latin America shows higher growth (2.36 percent), but starting from lower levels.
Canada, despite starting with production levels similar to those in Latin America, shows a lower growth rate
of 0.65 percent compounded annually.
Source: International Energy Agency
World Energy Outlook 2012, New Policies
Scenario and authors calculations.
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