(Energy Analytics Institute, Ian Silverman, 1.May.2018) – “Argentina offers favourable investment opportunities in the upstream sector. A historical lack of investment means the country is now reliant on imported gas to feed its growing economy. The country is opening itself to foreign investment in a bid to replace reserves and halt the decline in domestic production,” announced London-based Echo Energy on its website.
“Argentina’s gas industry began in the 1960’s and has developed the country into a gas-intensive economy where 50% of its primary energy demand is now met by natural gas (BP Statistical Review of World Energy, 2017). Declining costs of credit default swaps (Reuters, 2017) related to an improving political and fiscal environment, only add to the attractiveness of the region,” the company added.
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