Energy storage in plants Argentina

Are Argentine oil and gas companies moving towards the power industry?

The Argentine market is not strange to the shift of oil and gas companies towards the power industry. Different long-standing Argentine oil and gas companies like Tecpetrol, Pan American Energy (PAE) and YPF have been investing in renewable generation projects in the past years.

Is the Argentine renewable PPA market a corporate market?

This initial trend started to shift towards a corporate market through Resolution No. 281/2017 of the Argentine Ministry of Energy and Mining (currently, Secretary of Energy), which established a set of rules for the corporate renewable PPA market (MATER).

How is the Argentine power sector governed?

Read more on Insight The Argentine power sector is governed by Law No. 4,065 and its regulations, Decree Nos. 1398/1992 and 18619/95, and Resolution No. 61/1992, among others (the Regulatory Framework). The Regulatory Framework is characterised by the following main features:

Why is hydropower important for Argentina?

Hydropower is very important for Argentina. Hydroelectric installed capacity is more than 10,800MW and generally represents 30 per cent of the total annual consumption of electricity.

How much natural gas is produced in Argentina?

An average of 5.0 billion cubic feet per day (Bcf/d) of natural gas was produced in Argentina over the first nine months of 2024, 5.2% more than the same period in 2023. In August, natural gas production averaged 5.4 Bcf/d, the most of any month in 21 years.

Why did Argentina's natural gas imports fall 47% in 2024?

Argentina’s natural gas imports via pipeline fell by 47% in the first nine months of 2024 compared with the same period in 2023. The decline was largely because pipeline imports from Bolivia, which made up around half of Argentina’s natural gas imports in 2023, ended in September 2024.