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Argentina's Key Energy Statistics world rank
Total Primary Energy Consumption
2014
3.758
Quadrillion Btu
27
Total Primary Energy Production
2014
3.021
Quadrillion Btu
31
Dry Natural Gas Production
2014
1,254
Billion Cubic Feet
24
Dry Natural Gas Consumption
2014
1,663
Billion Cubic Feet
18
Total Electricity Net Generation
2014
126.171
Billion Kilowatthours
30
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Analysis - Energy Sector Highlights Last updated: March 2016

  • In 2014, Argentina was the largest dry gas producer and the fourth largest petroleum and other liquids producer in South America.
  • Argentina’s new hydrocarbons reform, published on October 31, 2014, provides investors with offshore exploration opportunities and encourages foreign ventures in unconventional plays. Before the 2014 reform to the 1967 Hydrocarbon Law, Argentina’s energy sector policies prompted an imbalance of energy supply and demand by limiting the industry’s attractiveness to private investors, restraining the profits of domestic producers, and shielding consumers from rising prices. Domestic demand for energy grew rapidly while production of both petroleum and other liquids and natural gas declined – making Argentina a net hydrocarbons importer.
  • To incentivize foreign investment in the hydrocarbons sector and boost domestic energy supplies policy reforms have changed the national bidding process, increasing the frequency of offshore licensing rounds, allowing for longer exploitation periods, and offering tax exemptions to companies that invest more than $250 million over a three-year period.
  • To limit the influence of the low oil prices on production, the Ministry of Economy reduced oil exports tariffs in 2014.
  • The Argentine government provides tax incentives to companies that form partnerships with state-owned energy company, Energía Argentina Sociedad Anónima’s (ENARSA), for offshore exploration and offers higher gas prices for new gas production sold in the domestic market under the Gas Plus Plan.

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Data