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Argentina energy report

Argentina energy report
4 files (PDF report, 3 Excel files)
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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 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.


  • Argentina aims to increase the share of wind and solar to 20% of electricity production in 2025 and reduce GHG emissions by 19% in 2030.
  • According to its Long-Term Strategy, the country aims to reach net zero emissions by 2050.
  • Over 50 electricity generation companies are active. EDENOR, EDESUR, and EDELAP cover 40% of the distribution sector.
  • YPF (51% public), the national oil and gas company, is the largest producer of oil and gas (around 40% in 2021).
  • Natural gas dominates the power mix (61%), followed by hydro (13%).
  • The country holds South America's 2nd largest gas reserves, and ranks 3rd in oil reserves.
  • Diesel prices rose by 38% in 2022.
  • Electricity prices are around 5 times lower than in Brazil and Chile.
  • Gas dominates the energy mix (50% in 2021), followed by oil (36%).
  • The residential and industrial sectors are the largest electricity consumers (37% and 36%, respectively).
  • The Vaca Muerta field is the main contributor to the hydrocarbon production expansion.
  • Argentina is pushing China to finance its nuclear development, including 1.2 GW Atucha III.


natural gas producer in South America


gas in power mix


renewables in power mix in 2021 (target achieved)

  • Institutions & Energy Policy

    The Energy Secretariat ("Secretaria de Energía de la Naciόn"), under the Ministry of Economy, 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


    Argentina is relatively well off in terms of energy resources. Gas and oil reserves amount to around 400 bcm and 340 Mt, respectively (end of 2021). The country ranks second in South America in terms of gas reserves, after Venezuela, and third in terms of oil reserves, after Venezuela and Brazil.

  • Energy Prices


    The price of natural gas is set for each of the privatised companies. The concession contract allows prices to be modified if there are exogenous factors that affect the producers or consumers. Twice a year, on average, ENARGAS makes a decision regarding the modifications that need to take place.

  • Energy Consumption

    Per capita consumption in Argentina (1.7 toe/cap in 2021) is the second highest in South America after Chile. These higher levels are mainly due to space heating needs. Electricity demand per capita is around 2 850 kWh/cap (2021).

  • Issues & Prospects


    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.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2021, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2021, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2021, %)
  • GRAPH 9: Final consumption market share by sector (2021, %)
  • GRAPH 10: Oil consumption (Mt)
  • GRAPH 11: Oil consumption breakdown by sector (2021, %)
  • GRAPH 12: Electricity consumption (TWh)
  • GRAPH 13: Electricity consumption breakdown by sector (2021,%)
  • GRAPH 14: Natural gas consumption (bcm)
  • GRAPH 15: Gas consumption breakdown by sector (2021, %)
  • GRAPH 16: Coal consumption (Mt)
  • GRAPH 17: Coal consumption breakdown by sector (2021, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Argentina energy market data since 1990 and up to 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:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Argentina Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Argentina energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Argentina country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.