Global oil demand will rise from 102.8 mb/d in 2024 to 110 mb/d by 2045, requiring US$ 12.1 billion in investments. Latin America, led by Brazil, Guyana, and Argentina, will contribute 25% of global supply growth by 2025 and beyond
Argentina’s oil production averaged 676,000 bpd in 2024, up from 661,000 bpd in 2023, with exports generating $7 billion, supported by midstream infrastructure, such as Vaca Muerta Norte and Oldelval pipeline
The country´s oil production will reach 1 million bpd by 2026, with exports exceeding 500,000 bpd. Vaca Muerta Sur pipeline will boost exports to 700,000 bpd by 2028, reaching 135 MMbbl/a by 2030
Global natural gas demand increased by 200 bcm in 2024, driven by Asia-Pacific, China, and India. LNG exports rose by 40 bcm, with demand set to reach 1,000 bcm by 2030
Argentina’s gas production reached 42.5 bcm in 2024, with projections for 45 bcm by 2025 and 50 bcm by 2030, surpassing 140 million cubic meters/day
Gas exports reached 6 bcm, mainly to Chile and Brazil, with key projects like the Néstor Kirchner Pipeline enabling increased exports
Argentina aims to become a major LNG exporter by 2030, thanks to initiatives like YPF’s US$ 30 billion LNG terminal at Bahía Blanca (25 mtpa) and PAE’s and partners’ Southern Energy project (2.45 mtpa)
Argentina’s energy sector is set for growth with over 25 oil and gas projects worth $21 billion slated between 2025 and 2035. These initiatives aim to boost production, expand infrastructure, and strengthen its global energy position
