Latin America · CHL
Chile
Atacama solar meeting copper mines. The grid is the bottleneck, not the resource.
Oil production
0.0 mb/d
0.4 mb/d demand
Net oil
-0.4 mb/d
Import gap
Gas production
1 bcm
Net -5 bcm
O&G rent
0.0%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
0 bn bbl
Gas reserves
0.1 tcm
Refining
0.2 mb/d
LNG
4 bcm import
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil64%
- Gas36%
Economy
Copper is electrification incarnate — and an energy-intensive export. Curtailment of solar in the north is lost rent. Lithium brine is the other transition commodity.
- GDP
- $0.3 tn
- Population
- 20.0 m
- Oil intensity
- 0.4 bbl /$1k
- Oil & gas rent
- 0.0% GDP
- Hydrocarbon trade
- 3.6% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -12.0 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.4 mb/d (net -0.4) versus NZE 0.3 mb/d (net -0.3).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.4 | 0.4 | 0.4 | 0.4 |
| Net Zero 2050 | 0.4 | 0.4 | 0.3 | 0.1 |
| Current Policies | 0.4 | 0.4 | 0.4 | 0.5 |