Latin America · PER
Peru
Camisea gas, Andes hydro, a desert copper load. Peru LNG still sails.
Oil production
0.0 mb/d
0.3 mb/d demand
Net oil
-0.2 mb/d
Near balance
Gas production
14 bcm
Net +6 bcm
O&G rent
1.6%
Fiscal breakeven $50
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption0.3 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production14 bcm
Consumption8.0 bcm
Proven oil
1 bn bbl
Gas reserves
0.4 tcm
Refining
0.2 mb/d
LNG
4 bcm export
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil47%
- Gas53%
Economy
The southern gas pipeline never quite happened. Mines bid against Lima for the molecule.
- GDP
- $0.3 tn
- Population
- 34.0 m
- Oil intensity
- 0.3 bbl /$1k
- Oil & gas rent
- 1.6% GDP
- Hydrocarbon trade
- 0.8% GDP
- Fiscal breakeven
- $50 /bbl
- $30 oil shock
- -8.1 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.3 mb/d (net -0.2) versus NZE 0.2 mb/d (net -0.1).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.3 | 0.3 | 0.3 | 0.3 |
| Net Zero 2050 | 0.3 | 0.2 | 0.2 | 0.1 |
| Current Policies | 0.3 | 0.3 | 0.3 | 0.3 |