Residential electricity prices in Venezuela amounted to **** U.S. dollars per kilowatt-hour in December 2023, the smallest figure of the period. Electricity prices have remained constant since December 2022, peaking at **** U.S. dollars per kilowatt-hour in June 2021. The volume of electricity generated in Venezuela was approximately ** terawatt-hours in 2022.

Venezuela VE: Fossil Fuel Energy Consumption: % of Total data was reported at 88.378 % in 2013. This records a decrease from the previous number of 89.259 % for 2012. Venezuela VE: Fossil Fuel Energy Consumption: % of Total data is updated yearly, averaging 89.882 % from Dec 1971 (Median) to 2013, with 43 observations. The data reached an all-time high of 95.191 % in 1981 and a record low of 86.428 % in 2007. Venezuela VE: Fossil Fuel Energy Consumption: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Energy Production and Consumption. Fossil fuel comprises coal, oil, petroleum, and natural gas products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

Venezuela Total Energy Consumption data was reported at 1.542 BTU qn in 2023. This records an increase from the previous number of 1.501 BTU qn for 2022. Venezuela Total Energy Consumption data is updated yearly, averaging 2.216 BTU qn from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 2.903 BTU qn in 2012 and a record low of 1.334 BTU qn in 2020. Venezuela Total Energy Consumption data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s Venezuela – Table VE.EIA.IES: Energy Production and Consumption: Annual.

In 2024, fossil fuels were by far the main source of primary energy supply in Venezuela. Combined, natural gas and oil accounted for more than 75 percent of the total supply in the country. Meanwhile, hydroelectricity amounted to 0.26 exajoules of Venezuela's primary energy supply that year.

Primary energy consumption in Venezuela has been on a mostly downward trend since 2013, when figures peaked at **** exajoules. By 2021, consumption of primary energy in the South American country had declined to **** exajoules.

This scatter chart displays electricity production from natural gas sources (% of total) against fossil fuel energy consumption (% of total) in Venezuela. The data is about countries per year.

Venezuela Production Cost data was reported at 7.650 USD/BOE in 2016. This records a decrease from the previous number of 10.680 USD/BOE for 2015. Venezuela Production Cost data is updated yearly, averaging 4.340 USD/BOE from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 18.050 USD/BOE in 2014 and a record low of 0.930 USD/BOE in 2005. Venezuela Production Cost data remains active status in CEIC and is reported by Petroleos de Venezuela S.A.. The data is categorized under Global Database’s Venezuela – Table VE.RB011: Energy Overview: Price and Production Cost.

Venezuela VE: Electric Power Consumption: per Capita data was reported at 2,657.622 kWh in 2014. This records a decrease from the previous number of 3,240.599 kWh for 2013. Venezuela VE: Electric Power Consumption: per Capita data is updated yearly, averaging 2,602.452 kWh from Dec 1971 (Median) to 2014, with 44 observations. The data reached an all-time high of 3,245.567 kWh in 2012 and a record low of 1,033.942 kWh in 1971. Venezuela VE: Electric Power Consumption: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Energy Production and Consumption. Electric power consumption measures the production of power plants and combined heat and power plants less transmission, distribution, and transformation losses and own use by heat and power plants.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

Actual value and historical data chart for Venezuela Renewable Energy Consumption

View monthly updates and historical trends for US F.O.B. Cost of Crude Oil Imports From Venezuela. from United States. Source: Energy Information Administ…

Venezuela: Electricity consumption, billion kilowatthours: Pour cet indicateur, The U.S. Energy Information Administration fournit des données pour la Venezuela de 1980 à 2023. La valeur moyenne pour Venezuela pendant cette période était de 62.38 billion kilowatthours avec un minimum de 26.84 billion kilowatthours en 1980 et un maximum de 109.37 billion kilowatthours en 2013.

This dataset is about countries per year in Venezuela. It has 64 rows. It features 4 columns: country, renewable energy consumption, and fertility rate.

View yearly updates and historical trends for Venezuela Primary Energy Consumption. Source: Energy Institute. Track economic data with YCharts analytics.

This scatter chart displays renewable energy consumption (% of total final energy consumption) against electricity production from renewable sources, excluding hydroelectric (% of total) in Venezuela. The data is about countries per year.

Venezuela VE: Electricity Production From Oil Sources: % of Total data was reported at 16.886 % in 2015. This records an increase from the previous number of 14.018 % for 2014. Venezuela VE: Electricity Production From Oil Sources: % of Total data is updated yearly, averaging 14.016 % from Dec 1971 (Median) to 2015, with 45 observations. The data reached an all-time high of 35.373 % in 1981 and a record low of 2.348 % in 1996. Venezuela VE: Electricity Production From Oil Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Oil refers to crude oil and petroleum products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

View yearly updates and historical trends for US Landed Cost of Crude Oil Imports From Venezuela. from United States. Source: Energy Information Administr…

The size of the Venezuela Renewable Energy Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.50% during the forecast period. Recent developments include: In 2019, the Venezuelan government announced a plan to build its first utility-scale PV project to strengthen its National Electric System.. Key drivers for this market are: 4., The Increase in Investments to Enhance the Battery Production Capacity4.; Rising Adoption of Electric Vehicles. Potential restraints include: 4., The High Logistic Cost. Notable trends are: Plans to Increase Renewable Energy Share in the Energy Mix to Drive the Market.

View yearly updates and historical trends for Venezuela Oil Consumption. Source: Energy Institute. Track economic data with YCharts analytics.

The Venezuelan oil and gas industry, while historically a significant global player, currently faces considerable challenges. The period from 2019 to 2024 witnessed a significant decline in production due to a combination of factors, including underinvestment, sanctions, operational inefficiencies, and political instability. This resulted in a contraction of the market size, impacting both domestic consumption and export capabilities. However, with the global energy transition and increasing demand, the potential for future growth remains, albeit contingent on substantial reforms. The forecast period (2025-2033) presents a mixed outlook. While the base year of 2025 reflects a lower market size than historical highs, a modest Compound Annual Growth Rate (CAGR) is projected, driven by potential increases in foreign investment, assuming a stabilization of the political and economic climate and the implementation of significant upgrades to aging infrastructure. This growth, however, is likely to be slower than global averages and heavily dependent on the resolution of ongoing challenges. Furthermore, diversification into gas production and exploration could contribute to a modest revival, especially if international collaboration is secured to modernize the sector.
The success of this recovery hinges on substantial policy changes, including transparency in resource management, attracting foreign investment through improved regulatory frameworks, and addressing infrastructure deficiencies. The industry needs to adapt to evolving global demands for cleaner energy and transition towards more sustainable practices. Despite the considerable hurdles, the long-term potential of Venezuela's vast oil and gas reserves cannot be disregarded. If the right conditions are established, targeted investments could unlock significant economic potential and reshape the industry's role in the global energy landscape. Recent developments include: In December 2022, the Venezuelan government and American oil company Chevron Corporation signed a contract to resume oil and gas operations in Caracas, Venezuela. This contract aims to continue with the production and development activities in the energy sector, framed within the constitution and the Venezuelan laws that govern oil activity in the country.. Notable trends are: Upstream Sector as a Prominent Market.

This scatter chart displays renewable energy consumption (% of total final energy consumption) against agricultural land (km²) in Venezuela. The data is about countries per year.