Argentina egc energy

How much energy does Argentina use?

In 2020 Argentina continued to derive more than three quarters of its total energy supply from fossil fuels. Natural gas contributed 59% (up from 54.90% in 2019), followed by oil (27%, down from 32.81%) in 2019).

What is Energa Argentina SA?

Energía Argentina SA is the state-owned energy agency responsible for the production, transport, and trade of petroleum, natural gas, and electricity. MAyDS (Ministerio de Ambiente y Desarrollo Sostenible) is the Argentine environmental authority responsible for granting licenses for new power generation projects.

Why are oil and natural gas production rising in Argentina?

Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from the Vaca Muerta shale formation, which is offsetting declining output from conventional oil and natural gas fields.

How much natural gas does Argentina use a day?

In 2021 Argentina consumed 45.9 billion cubic meters of natural gas (second only to Mexico among Latin American and Caribbean nations). The country ranked third regionally (behind Brazil and Mexico) in total oil consumption in 2021 (598,000 barrels per day).

Is Argentina bulking up state-owned energy firm IEASA?

"Argentina bulks up state-owned energy firm Ieasa". Argus Media. June 18, 2021. ↑ Lenton, Christopher (September 21, 2021). "Latin American LNG Demand Booming Amid Tight Global Natural Gas Market". Natural Gas Intelligence. Retrieved May 2, 2022.{ {cite web}}: CS1 maint: url-status (link) ↑ "Summary Data – Global Fossil Infrastructure Tracker".

Who regulates natural gas in Argentina?

Enargas is responsible for regulation and control of natural gas transmission and distribution in Argentina. ENRE (Ente Nacional Regulador de Electricidad) is the regulatory authority that manages the generation, transmission and distribution of electricity nationwide.