In its National Determined Contributions (NDC), the country announced its aim to not exceed net GHG emissions of 483 MtCO Per capita consumption in Argentina is the second highest in Latin America after Chile (1.8 toe/cap). Argentina not only has large amounts of conventional resources but is also one of the most important growth regions in the area of unconventional resources: its shale gas reservoirs rank second in the world and its shale oil resources fourth. Imports of oil products are declining by 28% per year on average since 2016, ...Oil products consumption declined by 5.6%/year from 2015 to 2019 to 26 Mt. We are in the process of converting the block into a 35 years exploitation concession.

The domestic oil industry, which had been an inefficient supplier to the noncompetitive domestic market prior to privatization, has become a major driver of export growth.

At 2.4 billion barrels, Argentina has the fourth-largest oil reserves in South America, and occupies the same rank for oil production in the continent, with a total crude output of 593,000 bopd in 2017. Argentina is the largest gas consumer in South America.Electricity production absorbs almost 40% of that consumption, followed by the residential and tertiary sector which consumes 22%, as industrial sector.Graph: COAL CONSUMPTION BREAKDOWN BY SECTOR (2019, %)Electricity consumption has been declining since 2015 (-1.4%/year) to 125 TWh in 2019.

Bajo del Toro In August 2017 Equinor, and Argentina’s leading energy company YPF entered into an agreement to jointly explore hydrocarbons in the Bajo del Toro block. Development of Argentina’s Vaca Muerta shale play stalls as Covid-19 pandemic hits investment.A rebound will hinge on various factors, from local business environment reforms to changes in global production chains.Lower oil prices will impede the viability of some hydrocarbons projects and lead to investment cutbacks.Oil exporting countries will battle for market share, but net oil importers could benefit.Investment in shale energy will be firm, but faster growth will be limited by the small scale of the domestic market.Continued retrenchment of subsidies has caused friction with both investors and consumers in the energy sector.The oil giant’s Argentinian subsidiary expects to produce 70,000 barrels of oil/day by the middle of the next decade.Renewed sanctions on Iran will create risks for global oil markets in 2019, but for now prices are firm.Policy reforms to promote the realisation of Argentina's substantial gas production potential are having an impact.The acquisition will mark the Qatari national energy company's first investment in Argentina. It has been increasing at the very rapid rate of 3.1%/year from 2002 to 2016. Electricity demand per capita is around 2 800 kWh/cap (2019).Total consumption has been declining since 2016 by 1.5%/year on average, reaching 82 Mtoe in 2019. The Renewable Energy Act of 2015 sets the goal of increasing the share of renewables (outside large hydro) to 12% of electricity production in 2019 (6% achieved), 16% in 2021, 18% in 2023 and 20% in 2025.

Argentina's annual electricity consumption has been on an overall increasing trend since 2002. Centaurus is an independent, Canadian-based, international upstream oil and gas company whose main business activities include exploration, development and production of crude oil, natural gas liquids and natural gas., Canada Argentina Oil And Gas Argentina energy analysis, data and forecasts from The EIU to support industry executives' decision-making

The government launched a program in 2015 to promote the use of renewable energy in electricity generation, including a trust fund providing financial guarantees and incentives. It grew strongly between 2002 and 2015 (4.4%/year).Industry is the largest electricity consumer (39%), ahead of the residential sector (35%) and services (25%). Interested in a daily & world selection of energy articles? Argentina’s natural gas reserves total 350 bcm (13.4 tcf), and the country is the largest gas producer in South America, with … Continue reading Argentina →

Argentina's fuel and energy exports rose sharply following extensive energy sector privatization in the early 1990s.

Today, the company has a stake in about 20 onshore and offshore fields. Before it has been falling regularly from a peak level at 45 Mt in 1998to to 28 Mt in 2018.

Argentina More than a quarter of the electricity generated in Argentina comes from renewables. Argentina energy market overview online: Argentina energy consumption and production, Argentina energy figures, data, graphse and news related with energy in Argentina. It has increased at the rapid pace of 3.6%/year between the crisis of 2002, which caused a significant reduction in consumption of oil products, and 2015.Graph: OIL CONSUMPTION BREAKDOWN BY SECTOR (2019, %)Natural gas consumption declined by 1.8%/year from 2016 to 2019, reaching 50 bcm. The Ministry of Energy launched an innovative renewable energy bidding program called RenovAr, aiming to produce 20% of Argentina's electricity from renewable sources by 2025, with the intermediate target of 16% by 2021.. 197 projects have already been awarded, with potential for hundreds more. Before it increased by 1.6%/year from 2010 to 2016.Gas dominates the total energy consumption (53% in 2019, ...Oil production rose by 10% in 2019 to 30 Mt.