The subregion's electric and gas interconnection, the formation of energy "clusters" and the development of renewable energy sources are the basic elements of the Andean Energy Alliance agreed at the First Meeting of the Council of Ministers of Energy, Electricity, Hydrocarbons and Mines, held in Quito on January 30, 2004.

- Subregional interconnection of electric systems
- Gas interconnection
- Energy "clusters"
- Renewable energy and antipoverty efforts
Energy-wise, this country has the second largest natural gas reserves in the region after Venezuela and ranks among Latin America's top ten countries in water reserves. Brazil and Argentina are its most important energy export markets.

Endowed with the largest coal reserves in the region, Colombia ranks second in hydroelectric potential and is one of Latin America's top six countries in oil reserves. The major part of its energy (oil) exports goes to the United States market.

This country has the fourth largest oil reserves in the region, after Venezuela, Mexico and Brazil, and is among the top ten Latin American countries in water reserves. The United States is its most important export market.

Peru has Latin America's third largest water reserves, after Brazil and Colombia, and ranks sixth in natural gas.

Oil-wise, this country has the largest reserves in the region and the sixth largest in the world. It is a founding member of the Organization of Petroleum Exporting Countries (OPEC). Venezuela also has Latin America's largest natural gas reserves and ranks fourth in coal reserves and fifth in hydroelectric reserves. It should be added here that it is the site of the world's largest refining complex (Paraguana) and second most important hydroelectric complex (Raúl Leoni), after Itaipú (Paraguay-Brazil).
Action Plan of the Council of Andean Community Ministers of Energy, Electricity, Hydrocarbons and Mines
Approved at its meeting in Bogotá, Colombia, on June 19, 2003


Latin American Energy Organization (OLADE)