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4 FAQs about Energy storage investment trends uruguay

What is the oil and gas industry like in Uruguay?

Uruguay's oil and gas sector is relatively underdeveloped, as the country does not produce hydrocarbons domestically and relies entirely on imports to meet its fossil fuel needs. State-owned ANCAP (Administración Nacional de Combustibles, Alcohol y Portland) oversees the sector, managing imports, refining, storage, and distribution of fuels.

Why is Uruguay pursuing offshore oil exploration?

Uruguay is actively pursuing offshore oil exploration. The discovery of oil and gas in Namibia in early 2022 renewed the interest of international companies in Uruguay's territorial waters due to their geological similarities.

How is Uruguay promoting electrification of public transportation?

The Government of Uruguay is actively promoting the electrification of public transportation through incentives and subsidies aimed at expanding the fleet of electric taxis and buses. The Municipality of Montevideo had set a goal of reaching 150 electric taxis by 2025.

How many electric vehicle charging stations are there in Uruguay?

UTE has developed a network of electric vehicle charging stations distributed around the country. In May 2025, there were more than 300 charging stations distributed in every department of the country. The electric vehicles sold in Uruguay have Type 2 connectors according to UNIT standards (UNIT – IEC 61851-1:2017 and UNIT – 1234:2016).

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