Strengthening Energy Security in Uruguay
The Uruguayan energy sector is at the crossroads. As in the case of many other countries, high oil prices in the international market are taking their toll on an economy which imports all of its oil and oil products. Uruguay has also depended, to a...
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| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2007/05/7912931/strengthening-energy-security-uruguay http://hdl.handle.net/10986/17916 |
| Summary: | The Uruguayan energy sector is at the
crossroads. As in the case of many other countries, high oil
prices in the international market are taking their toll on
an economy which imports all of its oil and oil products.
Uruguay has also depended, to a large extent, on import of
electricity from Argentina to complement its supplies. Trade
in electricity and natural gas collapsed during the economic
recession of 2001-02 and Argentina's crisis in the same
period, which, together with the rise of oil prices, have
brought to the fore questions of energy security (that is,
ensuring sufficient, reliable and cost-effective supply of
national energy demand) and the cost/risk trade-offs
involved in depending on foreign suppliers. The Uruguayan
government has rightly perceived this to be a fundamental
economic issue and sought to put together a strategy for
addressing it. |
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