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Markets & Forecasts

Argentina’s perilous path to gas riches

Argentina’s efforts to become self-sufficient in gas and boost its exports of LNG and pipeline gas will be thoroughly tested as the country’s economy deteriorates Argentina’s efforts to become self-sufficient in gas and boost its exports of LNG and pipeline gas will be thoroughly tested as the country’s economy deteriorates.
By Abhishek Kumar 12 April 2019 Americas / Exploration & Production 0 34129
The pro-business stance of the administration of President Mauricio Macri has attracted investment in Argentina’s oil and gas industry. (Wintershall)

Argentina's gas sector is caught between a rock and a hard place. The country wants to stop gas and LNG imports by boosting gas production, but the government cannot afford to pay high-enough subsidies to upstream players because of ongoing economic problems. The situation poses serious questions about whether Argentina can fulfil its ambition of becoming a major LNG and pipeline gas exporter, a development that will be contingent on the country becoming self-sufficient in gas.

The pro-business stance of the administration of President Mauricio Macri...

Further reading

  • 1 January 1970