The Argentine Chamber of Energy (CADE) pointed out that the Argentine energy industry is in a position to “provide a trade surplus of around US$7,000 million from 2025-2026, around US$10,000 million in 2027 and exceed US$12,000 million by 2030”, according to projections made by the entity.
The Economist Miguel Peiranoformer Minister of Economy and Production of the Nation and current CEO of the entity, – which brings together leading energy companies in the country, remarked that “In order to reach these levels of the trade balance of the sector, consistent basic rules are required and also very important investments by the operating companies.”
In this sense, the director maintained that “The projections show significant levels of investment by companies, a figure that would rise significantly if liquefaction plants were built, which would generate an additional factor for the income of foreign currency.”
The CADE projections mention that “If more optimistic assumptions were introduced, trade surpluses of more than 20 billion dollars could be considered in 2030.”
The entity noted that “Our country has significant energy resources that will make it an exporting country, with a surplus trade balance. There is enormous potential for growth in the exploration, production and commercialization of natural gas and oil and alternative energies”.
Miguel Peirano emphasized that “We have a window of opportunity that we must take advantage of to promote development at the federal level and the generation of more quality employment. This growth will require planning between the State and the private sector, in order to guarantee the necessary infrastructure, the training of human resources, access to inputs and technology”.
From CADE it is detailed that “the different scenarios and projections are related to the consistency of economic and sectoral policies, the evolution of international prices and the progress in unavoidable infrastructure works, such as gas pipelines, oil pipelines and liquefaction plants”.
The CEO of CADE highlights that “The extraordinary natural resources that we have must be transformed into increasingly competitive productions, integrated into value chains and generators of an economy that is diversified by sector and with more qualified employment.”
Peirano affirmed that, in addition to the existence of conventional resources, the development of unconventional resources, with Vaca Muerta being an obvious reality with extraordinary potential since, outside the US, it is the largest unconventional resource on the planet.
Source: Ambito
