1st
natural gas producer in South America
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This analysis includes a comprehensive Argentina energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
1st
natural gas producer in South America
+1%/year
electricity consumption growth since 2010
20%
renewables in power generation in 2025
Abstract
Institutions & Energy Policy
The Energy Secretariat ("Secretaria de Gobierno de Energia"), under the Ministry of Finances ("Ministerio de Hacienda"), is in charge of developing the energy policy.
The deregulation and privatisation of the oil, gas and electricity sectors took place in the 90s in order to separate the production, transport and distribution activities.
Energy Supply
Oil:
Oil production rose by 10% in 2019 to 30 Mt. Previously, it had been falling regularly from a peak level of 45 Mt in 1998 to 28 Mt in 2018. Argentina is the 4th largest oil producer in South America after Brazil, Venezuela, and Colombia.
Energy Prices
Electricity:
In the electricity sector, the prices charged by private companies are fixed in the concession contracts. ENRE changes its tariff frameworks at the same time as CAMMESA changes the prices of energy. In the case of other companies (provincial or cooperatives), the electricity price is controlled by supervisory administrations.
Energy Consumption
Per capita consumption in Argentina is the second highest in Latin America after Chile (1.8 toe/cap). 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. Previously, it had increased by 1.6%/year from 2010 to 2016.
Issues & Prospects
Oil:
The Government intends to promote oil exploration and production to ensure the stability or growth of reserves, which could be achieved through the development of the Vaca Muerta formation in the Neuquen Basin.
Below is a list of the Argentina energy market report graphs:
In the Argentina energy market report you will find the following tables:
The Argentina energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Argentina country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Argentina country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Argentina country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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