Having 50% of its electricity generated from renewable sources – of which 42.7% comes from hydro – with this projected to reach 60% by 2025, Peru is making on progress on its goal to support the renewable energy segments. At the same time, the country is currently suffering from an oversupply of energy. This can serve as a growth opportunity, but only if the necessary demand can be identified...
Energy
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Contributing around 10% to GDP in 2017, the mining sector is fundamental to Peru’s economy, accounting for significant levels of foreign exchange and tax revenues, as well as the creation of direct and indirect jobs. Supportive legal and tax regimes, low production costs and an abundance of natural resources all contribute to increasing investor appetite, together with a relatively stable...
With a new administration in place, local and international players in Peru have regained optimism. As one of South America’s top performers due to its reforms and fiscal discipline, the country is benefiting from rising commodity prices and an export-oriented mining sector. In addition, 2018 brought increased public expenditure, with notable rises in the budgets for education, health, infrastructure and reconstruction.
Articles & Analysis | Legal reforms pave way for new energy exploration projects in Thailand from The Report: Thailand 2018
Thailand’s domestic hydrocarbons resources are fairly small. According to the June 2018 “BP Statistical Review of World Energy”, at the end of 2017 the country had 300m barrels of proven oil reserves – less than 0.05% of the world’s total – and about 7.1trn cu feet of natural gas, roughly 0.1% of the global total.
