Argentina | Energy Outlook 2025: Oil and Gas

Summary

Hydrocarbons remain a key component of both the global and Argentine energy matrix. The development of unconventional resources, led by Vaca Muerta, has revitalized the industry and improved the country's energy balance.. Despite the growth of renewable energies, gas and oil will continue to be fundamental.

Key points

• Key points:
• Hydrocarbons account for more than 80% of the world's energy. In Argentina, natural gas (53%) and oil (31%) dominate the energy matrix.
• Vaca Muerta has changed the country's energy scenario, positioning Argentina as a key producer of unconventional hydrocarbons
• In 2024, oil production grew by 9.7%, while gas production increased by 4.3%, with expectations of further growth and a significant impact on exports.
• The Large Investment Incentives Regime (RIGI) boosts investment in the sector, with projects totaling USD 7.9 billion and export potential of USD 36.7 billion by 2030.
• Argentina is making progress in the energy transition: currently, renewable energies only represent 14% of the energy matrix, but with the development of Vaca Muerta, natural gas will remain a key pillar.

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