Bankrolling the Vaca Muerta
Buenos Aires will pay out billions to keep the sector afloat despite Argentina’s stark economic crisis
Argentina will spend more than $5bn over the next four years as part of a new government initiative to support the country’s gas sector and develop its prolific Vaca Muerta shale reserves. The scheme aims to cut gas imports by 589.75mn ft³/d (16.7mn m³/d) through to 2023, lessening the financial burden on Argentina and improving national energy security. The government will spend $1.49bn on the gas subsidy plan in 2021 and then over $1bn per year until 2025. Gas production of c.2.47bn ft³/d will receive a subsidy, although the government will only cover the difference between the price realised when the gas is auctioned and a ceiling price of $3.70/mn Btu. “In the past, we have seen how gas
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
