Related Articles
Forward article link
Share PDF with colleagues

Argentina’s energy woes deepen despite discoveries

Despite the huge discoveries, don’t expect unconventional oil and gas to drag Argentina out of its energy-import problem just yet

The emergence of Argentina’s potentially vast unconventional oil and gas resources could not have come at a better time for the country. Although historically a significant regional oil and gas producer, output from Argentina’s conventional resources is in sharp decline, while strong economic growth and artificially low energy prices are driving consumption higher. Once a significant hydrocarbons exporter, Argentina faces a future as a net importer of oil and gas in just a few years. The transformation has already happened in the natural gas market, which has still not recovered from the energy crisis of 2004. In that year, a severe domestic gas shortage forced the country to cut its export

Also in this section
Qatar keeps on keeping on
21 March 2018
With the energy sector operating normally, the country is adjusting to life under sanctions
The Gulf stare down continues
21 March 2018
Tension between the nations is high, but war doesn't appear to be on the cards, despite escalating Saudi rhetoric
UK shale sector seeks revival
21 March 2018
Sentiment towards fracking remains lukewarm