Top Energy Facts Brazil - country to watch

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Ultra-deep offshore Brazilian oil discoveries make Brazil the largest and most significant new oil and gas prospect of the last few decades

Brazil (PRWEB UK) 18 October 2012

Top energy investment country to watch:

Brazil

Brazil has overtaken the UK economy to be the sixth largest in the world, growing 2.7% last year compared to the UK’s growth of 0.8%. Brazil’s population of 190 million compared to the UK’s 60 million should mean energy production and consumption will increase as the country develops.

Top Energy Facts Brazil

• Ultra-deep offshore Brazilian oil discoveries make Brazil the largest and most significant new oil and gas prospect of the last few decades.[3]
• Producing 2.3 million barrels of oil daily, Brazilian oil is attracting lots of interest and a host of new energy investors.[2]
• 2.8 million barrels of oil are produced, Including biofuels, Brazilian oil is ranking 9th in the world production rankings.[2]
• Brazil is looking at increasing the percentage of ethanol in vehicle fuel by 25% in line with increased sugar cane production.[1]
• Brazil intends to become a global leader in renewable energy.
• Brazil has initiated huge investments in wind power, adding 32GW to the renewable energy grid within 5 years.[4]

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Background information

NRG Expert is a London and Toronto based energy intelligence and market research publisher. NRG Expert provides up to date information and analysis on worldwide energy markets, including electricity, natural gas, oil, coal, nuclear, renewable energy, biofuels, water and waste, and all elements of energy infrastructure. Providing data on energy investments across 200 countries including biofuels and Brazilian oil, as well as other top energy facts.

[1] source: Bloomberg, [2] source: Total Asset, [3] source: Alternative Investor, [4] Source: invezz

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