(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — The first phase of the joint development plan between Argentina and Uruguay to renovate the Salto Grande Bi-national Hydroelectric Complex will move forward with financing of $80 million from an Inter-American Development Bank (IDB) loan, Argentina’s Energy Secretariat said 14 June in an […]
Category: Uruguay
Uruguay energy
Ancap says maintaining naphtha prices “difficult”
(Energy Analytics Institute, Aaron Simonsky, 9.May.2019) — The rising price of crude oil and the dollar are making it difficult for Ancap to maintain naphtha prices, online media El Pais reported 9 May 2019, citing unnamed sources from within the state entity. It will be difficult to avoid increasing fuel […]
Argentina And Uruguay To Invest $1,000 Million To Modernize Salto Grande Dam
(Energy Analytics Institute, Aaron Simonsky, 8.May.2019) — The governments of Argentina and Uruguay announced plans to invest $1,000 million in the modernization of the Salto Grande Dam situated over the Uruguay River. The full scope of the project includes renovation of electro-magnetic equipment and infrastructure over a 30 year period, […]
ANCAP, MIEM Approve Regime For Open Uruguay Round
(ANCAP, 3.May.2019) — The Uruguayan National Oil Company (ANCAP) and the Ministry of Industry, Energy and Mining (MIEM), have formally approved the new Regime for the Selection of Oil Operating Companies for the Exploration and Exploitation of Hydrocarbons in onshore and offshore areas of República Oriental del Uruguay: Open Uruguay […]
Petrobras Uruguay Says Not Willing To Accumulate Damages, Losses
(Energy Analytics Institute, Aaron Simonsky, 29.Apr.2019) — Petrobras Uruguay commented on announcements made from Petrobras’ headquarters in Rio de Janeiro, Brazil. “Petrobras Uruguay will continue to develop its business and comply with obligations assumed with employees, customers and suppliers,” reported online media La Red 21. Regarding gas distribution, Petrobras Uruguay […]
Petrobras BODs Gives Thumbs Up To Potential Refinery Sales
(Petrobras, 26.Apr.2019) — Petrobras announced that the Board of Directors, in a meeting held today, approved new guidelines for the management of its asset portfolio. The guidelines are in line with the Resilience Plan, released on 03/08/2019, being part of the preparation process of the 2020-2024 Business and Management Plan, […]
New Reference Price For Jet A-1 Fuel In Uruguay
(Energy Analytics Institute, Aaron Simonsky, 4.Apr.2019) — Uruguay will establish a new reference price for its Jet A-1 fuel as part of an initiative to position Uruguay on par with regional airports. Authorities from ANCAP and Uruguay’s Ministry of Industry confirmed that from 29 April 2019 that an adjustment will […]
OPEC Releases MOMR With Data Thru Feb. 2019
(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — OPEC announced publication of its Monthly Oil Market Report (MOMR) as of 14 March 2019 with details on producers in Latin America and the Caribbean from Venezuela, Ecuador, Brazil, Colombia, and Mexico. *** © Energy Analytics Institute (EAI)
ANCAP Interested In Hydrogen For Transport, Marta Jara Says
(Energy Analytics Institute, Aaron Simonsky, 11.Nov.2018) — Uruguay is studying possibilities with hydrogen. “ANCAP is interested in the hydrogen option, because it is an ideal energy for transport, and which can be managed with an infrastructure similar to that of other liquid fuels,” reported online media LaRed21, citing ANCAP President […]
Uruguay’s Energy Matrix And Renewable Energies
“Uruguay’s energy matrix is one of the most outstanding in the world due to the variety of renewable energies” — ANCAP President Marta Jara.
Uruguay Sets Deadline To Seek Renewable Energy Fiscal Incentives
(Energy Analytics Institute, Ian Silverman, 13.Oct.2018) — Companies seeking to benefit from renewable energy tax benefits will have until October 24, 2018 to submit details related to their projects. Companies that register before the date could potentially obtain equivalent discounts of up to 70% of their investments, reported the daily […]
Uruguay Judge Orders ANCAP to Pay $5.6 Mln to Exor Internacional Ltda.
(Energy Analytics Institute, Ian Silverman, 28.Sep.2018) — Uruguayan Judge Carlos Aguirre ordered ANCAP to pay a fine of $5.6 million plus interest to Exor Internacional Ltda. as a result of a “patrimonial trial related to administrative responsibility,” reported the daily LaRed21. The Exor payment relates to a debt maintained with […]
Uruguay: A Clean Energy Leader
(Uruguay Investment Agency, 10.Sep.2018) — Uruguay stands out in Latin America for its high living standards and social and political stability. Today it is also a world leader in renewable energies thanks to its privileged location and forward-thinking legislation. Did you know that Uruguay has invested more in the development […]
PDVSA Leaves Argentine Gas Station to Fend for Itself
(Reuters, Luc Cohen, 15.Aug.2018) – As Venezuela’s state-owned oil company PDVSA saw its finances devastated by low oil prices and mismanagement, it funneled millions of dollars to Petrolera del Conosur (PSUR.BA), a loss-making Argentine gas station operator it controls. PDVSA decided to cut off the support payments late last year, […]
Uruguay Electric Grid Reaches Nearly All Citizens
(Energy Analytics Institute, Jared Yamin, 23.Jul.2018) – Uruguay is one of the countries in the Latin American region with one of the highest connection of residents to a national energy grid. In this small Southern Cone country, the figures for houses without electricity have dropped to a minimum of 0.3%, […]
FDI in LAC Region Falls for Third Straight Year
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, reported the Economic Commission for Latin America and the Caribbean or CEPAL by its Spanish acronym. The details were revealed in CEPAL’s annual report titled […]
ANCAP and ALUR Combined $160 Mln Credits
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Two resolutions from the Uruguayan government late last month will authorize Ancap and ALUR to access credits for up to $160 million. In 2018, Uruguay’s state oil company Ancap plans to overcome its $136 million financial indebtedness by renewing it for an amount […]
Atlas to Invest $114.4 Mln in Uruguay
(Energy Analytics Institute, Ian Silverman, 4.Jul.2018) – U.S. company Atlas Renewable Energy plans investments of $114.4 million in Uruguay. Atlas announced closing of long-term financing for its two solar plants: Del Litoral and El Naranjal, both located in Salto, reported the daily newspaper El Pais. The two projects have 238,720 […]
Uruguay to Adopt Process for Offshore Oil Blocks
(Reuters, Luc Cohen, 15.Jun.2018) – Uruguay will move toward a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview this week. The tiny South American country […]
Uruguay: Some Background On Oil Exploration
(Schuepbach Energy Uruguay – SEU, 30.Oct.2017) — The Norte Basin is part of a huge sedimentary basin called Paraná Basin in Brazil and Paraguay, and called Chaco-Paraná Basin in Argentina. Together, they add up to an area over 1,200,000 km2. Historically, efforts have been made to find oil in this […]
Argentina Interested in Buying Excess Gas from Punta De Sayago
(Energy Analytics Institute, Aaron Simonsky, 11.May.2016) – The government of Uruguay continues to move forward with agreements to secure markets for natural gas to come from its proposed regasification plant in Punta de Sayago. Uruguay’s President Tabaré Vázquez and Industry, Energy and Mining Minister Carolina Cosse, signed a decree that […]
Statoil Strengthens Its Position In Uruguay
(Statoil, 15.Feb.2016) — Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay. “With this transaction, we are increasing our exposure to the upside potential of this untested geological setting. This is […]
ANCAP Says Will Not Reduce Fuel Prices
(Energy Analytics Institute, Aaron Simonsky, 1.Apr.2015) – ANCAP will not reduce fuel prices in April due to the appreciation of the dollar. According to analysts, ANCAP has a margin of 8 percent in terms of the price of fuels since they are referenced to the price of crude oil, reported […]
Montevideo LNG Plant Ready by YE:16
(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2015) – The LNG regasification plant (called ‘GNL del Plata’ in Spanish) in Montevideo, Uruguay is expected to be ready in November of 2016, reported the daily newspaper El Pais. ***
Worries Surround Montevideo LNG Plant
(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2015) – Officials in Uruguay are worried about difficulties that have translated into delays at the Montevideo LNG regasification plant. “Its a very significant project for the country. We continue to advance but we are worried about the difficulties that have arisen, as the delays […]
Venezuela Financial Scheme for Uruguayan Oil
(Energy Analytics Institute, Jared Yamin, 3.Mar.2015) – Venezuela announced a financing scheme for oil shipments to Uruguay, according to a decree revealed on March 2, 2015 in Venezuela’s Official Gazette newspaper. Over the short-term 90 days, the payments for the shipments generate interest at a flat 2 percent. Over the […]
Uruguay Supporting Execution of 27 Projects
(Energy Analytics Institute, Ian Silverman, 13.Sep.2013) – The Uruguayan government is supporting execution of 27 electric projects in rural zones that will span 800 km. The cost of the projects is estimated at $6.5 mln, of which 40% will be subsidized by the government, reported the daily newspaper El Pais. […]
Combustible Prices to Increase in Uruguay
(Energy Analytics Institute, Ian Silverman, 11.Sep.2013) – Uruguay’s ANCAP will increase the price of combustibles by an average 9.7%, reported the daily newspaper La Red 21. ***
Galp Energia Inks E&P Deal In Uruguay
(Galp Energia, 2.Sep.2010) — Galp Energia and its consortium partners Petrobras and YPF have signed today in Montevideo, an exploration and production agreement for the Uruguayan continental platform with Acap, the national oil company of Uruguay. Galp Energia and its consortium partners Petrobras and YPF have signed today in Montevideo, […]