Reforms will curb LNG’s future in Argentina
Structural reforms by the Argentine government will curb energy subsidies and boost domestic gas production. (PA)
Argentina’s new government has introduced market reforms to encourage upstream investment and domestic gas production, a move applauded by financial markets. However, the measures will dent the country’s reliance on imported gas and LNG in the coming years.
Centre-right candidate Mauricio Macri was elected as Argentina’s president in November 2015, narrowly beating the centre-left contender Daniel Scioli and ending a succession of Peronist presidents that had lasted for more than a decade.