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Argentina's Key Energy Statistics world rank
Total Primary Energy Consumption
2016
3.732
quadrillion Btu
28
Total Primary Energy Production
2016
3.262
quadrillion Btu
29
Dry Natural Gas Production
2017
1,445
billion cubic feet
20
Dry Natural Gas Consumption
2017
1,732
billion cubic feet
17
Total Electricity Net Generation
2016
132
billion kilowatthours
30
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Map of Argentina
Map of Argentina

Analysis - Energy Sector Highlights Last updated: August 2017

  • In 2016, Argentina was the largest dry gas producer and the fourth-largest petroleum and other liquids producer in South America, according to the BP Statistical Review of World Energy 2017.
  • Natural gas, which is widely used in the electricity, industrial, and residential sectors, represented 52% of total primary energy consumption in 2015. Oil is the primary fuel used in the transportation sector and represented 36% of total primary energy consumption. Hydroelectricity is the third-largest primary energy source. A smaller share of the country's total energy consumption can be attributed to nuclear, coal, and hydropower, which are used for electricity generation, while other renewable resources are used to produce biofuels for transportation.
  • Historically, 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. Over the past decade, domestic demand for energy grew rapidly while production of petroleum and other liquids and of natural gas declined — making Argentina a net hydrocarbons importer.
  • Argentina’s hydrocarbons reform, implemented in late 2014, provides investors with offshore exploration opportunities and encourages foreign ventures in unconventional plays. To provide incentives for private sector investment in the upstream oil and natural gas industries and to boost domestic energy supplies, the government reformed the national bidding process by 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.
  • At the beginning of 2017, the Argentine government successfully negotiated terms between labor unions and natural gas producers and eliminated currency controls. The central government also extended the natural gas production stimulus programs implemented in 2012 and set a floor price on wellhead natural gas production until 2021. This price guarantee offers higher natural gas prices to investors for new natural gas production sold in the domestic market.

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Data