|Este artículo forma parte del Portal Energético de América Latina de Global Energy Monitor.|
Economy & demographics
Projected GDP growth
With the exception of a dip due to the global COVID-19 pandemic in 2020, the Panamanian GDP has been growing steadily since 1990 and is expected to continue growing through 2025. Panama is expected to recover from the impacts of COVID-19 through 2021 and 2022.
Projected population growth
Panama is expected to have a population of 4,381,579 in July 2021. Panama's population growth rate is healthy and sustainable through a birthrate of 2.51 children per woman and reasonable, positive migration since the mid 1990s.
Government energy plans
Fuel mix targets (fossil fuels vs renewables)
The PEN (Plan Energetico Nacional) 2015-2050 aims to drastically increase the use of renewable energy in Panama to 70% of the country's energy mix. As of 2018, Panama was getting approximately 75% of their energy supply from oil.
Greenhouse gas emissions targets
Panama aims to be carbon neutral by 2050, partially be emphasizing forest restoration to absorb CO2 emissions. The Sustainable Panama: Reduce Your Footprint (Reduce tu Huella) program encompasses all government ministries, the Panama Canal, logistics, construction, forestry, agriculture, tourism, academia, and the financial sector and looks to reduce GHG from all sides. Reduction of GHG is supported by the Ministry of the Environment. In 2021, the Panama Canal officially began decarbonizing their operations in order to be carbon neutral by 2030.
Government energy agencies
National energy ministry
The ASEP oversees the electrical sector in Panama.
National oil company
Panama does not have a national oil company.
Leading energy companies
Energy sector employment data
Less than 20% of Panamanians worked in the industry sector during 2020 which includes energy related employment opportunities.
The installed power capacity in Panama has risen steadily over the last decade.
Panama is the top energy consumer in Central America and imports more than 80% of its energy. In order to meet consumer demand, Panama is part of the SIEPAC (Sistema de Interconexión Eléctrica de los Países de América Central), the electrical transmission lines connecting Central American countries.The commercial and public sectors used 58% of total electricity in 2014. Three distributors are responsible for energy distribution in Panama: ENSA, Edemet, and Edechi.
Coal in Panama
Panama does not produce coal and accordingly has no new sources or projects.
In 2016, Panama consumed 330,693 short tons of coal and ranks 86th in the world for coal consumption, approximately 81,914 cubic feet of coal per capita annually.
Imports & source countries
Panama imports all of the coal it consumes.
In 2014, approximately 15 million long tons of thermic coal passed through the Panama Canal. Colombian coal shippers are predominant customers in the Panama Canal that are transiting to the Pacific side of South America and Asia.
Oil & Natural Gas in Panama
Panama does not produce crude oil or natural gas.
Panama consumes 1.61 gallons of oil per capita daily (as of 2016); 14 barrels per capital annually.
Imports & source countries
Proposed new sources & projects
LNG floating storage centers in Panama are potential new projects which investors in Panama have been considering.
Renewable Energy in Panama
Panama's renewable energy sector currently depends heavily on hydropower and the National Energy Plan 2015-2050 aims to diversify Panamanian energy to avoid dependence.
Iron & Steel in Panama
Extreme weather events are a primary concern for energy infrastructure, production, and distribution in Panama, namely concerns about droughts and flooding effecting hydropower plants. Green energy production is a top priority for Panama as well as switching to electric vehicles, generating more wind and solar power, as well as monitoring the water use of the canal during periods of low rainfall.
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