Argentina js energy europe

Will the European Union sign an energy memorandum of agreement with Argentina?

REUTERS/Piroschka van de Wouw BUENOS AIRES, Oct 27 (Reuters) - The European Union said on Thursday that it hopes to sign an energy memorandum of understanding with Argentina "soon," as the region looks to tackle energy supply issues triggered by the war in Ukraine.

How does the EU work with Argentina?

The EU works with Argentina to recreate conditions for investment and forge new economic partnerships. While Argentina is an upper-middle income country and therefore does not receive bilateral financial allocation, it remains eligible to access funding through thematic budget lines and regional programmes for Latin America and Caribbean.

Why is Europe partnering with Argentina?

Europe and Argentina are partnering for a more secure, sustainable and prosperous world. Our energy cooperation is a particularly promising field to ensure a just and clean transition on both of our continents. The Memorandum of Understanding being signed today will guide and shape our cooperation in the years to come.

Why is the EU negotiating with Argentina a 'budding energy power'?

The EU's foreign policy chief, Josep Borrell, told journalists during a visit to the southern country that the agreement is key because Argentina "is a budding energy power" at a time of high international prices. Argentina has one of the world's largest reserves of unconventional gas and is looking for new investments to increase its exports.