The Latin American and Caribbean Energy Organization (OLACDE) presented the report Outlook 2025: Production and Foreign Trade of Oil and Natural Gas in Latin America and the Caribbean (LAC), highlighting the strong dynamism of the regional hydrocarbons sector, driven primarily by Guyana\u2019s growth and the sustained leadership of Brazil and Mexico.<\/p>\n
According to the report, Latin America and the Caribbean (LAC) accounted for approximately 11% of global oil supply and nearly 6% of natural gas supply during 2025. Regional oil production increased by 20% compared to the previous year. Furthermore, future projections indicate that LAC is expected to continue expanding its production at a faster pace outside OPEC member countries. Regarding natural gas, the report states that production registered a 10% increase.<\/p>\n
The report also indicates that 46% of regional oil production was allocated to exports, with China consolidating its position as the leading destination for external sales, accounting for 31% of LAC\u2019s oil trade, followed by the United States and the European Union.<\/p>\n
In terms of natural gas, OLACDE highlights that 59% of regional imports originate from the United States, reflecting the high level of North American energy integration, while Argentina and Trinidad and Tobago continue to play a strategic role as the region\u2019s main liquefied natural gas (LNG) exporters.<\/p>\n
Additionally, the analysis projects that, despite the accelerated expansion of renewable energy and electrification, oil and natural gas will continue to maintain a significant share in the regional energy matrix over the coming decades, each representing close to 26% of Latin America and the Caribbean\u2019s primary energy mix.<\/p>\n