Argentina energy report

• One of the main objectives of the energy policy is to develop natural gas  production.
• Argentina aims to reduce GHG emissions by 18% by 2030 (as compared to BAU emissions).
• There are more than 50 electricity generation companies. Three companies dominate the distribution sector.
• YPF controls around half of the oil production and refining.
• Total and YPF produce around half of the natural gas production.
• Natural gas dominates the power mix (59%).
• Gas imports have increased sharply since 2017 with the progression in production.
• Since 2017, gasoline and diesel prices are declining by around 10%/year, while electricity prices for industry declined twice as rapidly.
• Per capita consumption in Argentina is the second highest in Latin America, after Chile.
• Gas contributed 53% of the total consumption in 2019.
• The Vaca Muerta field is the main contributor to the hydrocarbon production expansion. The government estimates long-term investments in this field at US$200bn.

• 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 4^th 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.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Argentina energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2018, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2018, %)
• 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 (2018, %)
• GRAPH 9: Final consumption market share by sector (2018, %)
• GRAPH 10: Oil consumption (Mt)
• GRAPH 11: Oil consumption breakdown by sector (2018, %)
• GRAPH 12: Electricity consumption (TWh)
• GRAPH 13: Electricity consumption breakdown by sector (2018,%)
• GRAPH 14: Natural gas consumption (bcm)
• GRAPH 15: Gas consumption breakdown by sector (2018, %)
• GRAPH 16: Coal consumption (Mt)
• GRAPH 17: Coal consumption breakdown by sector (2018, %)

In the Argentina energy market report you will find the following tables:

• 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, gas plant projects by status and operator and LNG contracts.

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.