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

  Resources:

  Argentina is relatively well off in terms of energy resources. Gas and oil reserves amount to around 350 bcm and 300 Mt, respectively (end of 2019). The country ranks fourth in South America in terms of gas reserves after Venezuela, Peru, and Brazil; it is also fourth in terms of oil after Venezuela, Brazil, and Ecuador.

• 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

  Electricity:

  Argentina aims at developing private investments in renewables and gas power plant projects. Several auction programmes have been launched which could help Argentina improve the share of renewables in the power mix (target of 8% and 20% by 2018 and 2025, respectively).

• 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 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:

• 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).