Argentina's energy sector is poised for explosive growth, with deregulation efforts attracting $15 billion in investments and record-breaking oil and gas production.
Argentina ’s market deregulation efforts are expected to raise the energy investments in the country by about $2.5 billion to $15 billion next year, Energy Secretary Eduardo Rodriguez Chirillo said at an industry event. The government of Argentinian President Javier Milei has pushed for new legislation, the so-called Large Investment Incentive Regime – or RIGI, by its Spanish initials – offering tax breaks and other incentives for major investors in the South American country.
In the first nine months of the Milei administration, the energy sector saw the highest oil production in 15 years in the first half of 2024, as well as the highest natural gas output in 17 years over the same period, Rodriguez Chirillo wrote on X. The energy ministry is laying the foundations for the sector to be one of the engines of economic growth in Argentina, the secretary said. Argentina relies on the Vaca Muerta shale play to boost its oil and gas production.
Energy Deregulation Investment Vaca Muerta Shale Oil Gas LNG Exports
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