Reforms bring Argentinian self-sufficiency closer

New energy investments are reducing Argentina’s import needs

Argentina is pushing new frontiers in shale, offshore and renewables, aiming to regain its prized energy independence. Slashing the country's cash-draining energy-import dependence has been near the top of the agenda for President Mauricio Macri's government since he came to office in 2015. To reach the goal, Macri has instituted a number of market-friendly reforms. His administration has made it easier to move cash and kit in and out of the country, reduce domestic energy subsidies, provide incentives for new shale oil and gas projects and work with labour unions to reduce costs. He has also opened new investment areas for private and foreign investors. Those measures are clearly paying