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| ENERGY PROFILE OF BRAZIL |
Brazil is the 10th largest energy consumer in the world and the third largest in the Western Hemisphere, behind the United States and Canada. Total primary energy consumption in Brazil has increased significantly in recent years. In addition, Brazil has made great strides in increasing its total energy production, particularly oil, over the past decade. Increasing domestic oil production has been a long-term goal of the Brazilian government.
- Brazil has experienced rapidly expanding oil, natural gas, and electricity consumption in recent years.
- Brazil has the second-largest crude oil reserves in South America, and is one of the fastest growing oil producers in the world.
- Natural gas constitutes only a small portion of Brazil's total energy consumption.
- Brazil has the third-largest electricity sector in the Western Hemisphere.
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