• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 26 mins WTI @ $75.75, headed for $64 - 67
  • 2 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 5 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 3 hours OPEC's No. 2 Producer Wants to Know How Buyers Use Its Oil
  • 5 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 4 hours Iranian Sanctions - What Are The Facts?
  • 17 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 18 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 2 hours China Thirsty for Canadian Crude
  • 5 hours EU to Splash Billions on Battery Factories
  • 5 hours Superhumans
  • 20 hours Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 19 hours Two Koreas: U.N. Command Wrap Up First Talks On Disarming Border
Large Crude Build Forces Oil Prices Lower

Large Crude Build Forces Oil Prices Lower

Oil prices slipped on Wednesday…

Oil Prices Subdued, But For How Long?

Oil Prices Subdued, But For How Long?

Oil prices may have closed…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Chile Hopes to Boost Geothermal Sector with New Zealand Partnership

Chile is one of the countries with the greatest potential for geothermal energy in the world. The South American country stretches for 4,270 kilometres along the Andes Mountains, the longest chain of volcanoes in the world according to the Andean Geothermal Centre of Excellence at the University of Chile.

Gonzalo Salgado, from the Chilean Geothermal Energy Association, says that Chile has “significant potential in geological terms” due to the fact that ten percent of the world’s volcanoes are found within its borders.

Exploration into the geothermal potential in Chile actually began in 1907, but due to a lack of investment incentives the sector never advanced beyond the exploration phase; all that is now set to change after signing a new strategic partnership with New Zealand.

Related article: France In Tight Spot over Geothermal ‘Fracking’

70% of Chile’s energy is imported at the moment, with just five percent being generated by renewable energy sources. Salgado hopes that geothermal energy can be used to make the country more energy independent, claiming that “the solutions are numerous: we need to talk about energy efficiency and many other things, but obviously, geothermal power is one of the inputs that could help to solve this problem.” New Zealand on the other hand produces 77% of its energy from renewable sources, with 15% coming from geothermal plants.

The Chileans hope that with New Zealand’s help they can boost the share of energy produced from renewable sources by 15 -20 percent by 2024.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News