Argentina’s energy subsidies continue to grow, but the cash is now propping up producers, not consumers.
Total subsidies to Argentina’s energy sector increased by 14.3% in Q1 2017 compared with Q1 2016, according to the country’s Budget and Financial Public Administration. Nearly 56% of the cash went to gas producers that have signed up to Argentina’s Plan Gas scheme. Buenos Aires announced in January that it would extend the generous stimulus package for gas producers through...
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