Brazil is the world’s tenth largest energy consumer. At the same time, it is an important oil and gas producer in the region and the world’s second largest ethanol fuel producer.
The governmental agencies responsible for energy policy are the Ministry of Mines and Energy (Ministério de Minas e Energia), the National Council for Energy Policy (CNPE), the National Agency of Petroleum, Natural Gas and Biofuels (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis – ANP), and the National Agency of Electricity (Agência Nacional de Energia Elétrica – ANEEL). State-owned companies Petrobras and Eletrobrás are the major players in Brazil’s energy sector, as well as Latin America’s.
Its energy comes mostly from renewable sources, particularly hydroelectricity and ethanol; and nonrenewable sources, such as oil and natural gas. A global power in agriculture and natural resources, Brazil unleashed the greatest burst of prosperity that it has witnessed in three decades.
The discovery of potentially massive reserves of oil and gas off its coast in 2007 seems set to transform the Brazil’s position as an energy superpower and the government says it plans to join Opec in the near future.
As a result, the Latin American giant appears to be perfectly set up to deal with the energy challenges of the next century.
You can see an interactive map about Brazil’s energy sources here.