The Patagonian shale riches driving Argentina to an energy surplus

Quick Summary:

Argentina, which has had an energy deficit since 2011, is expected this year to net $5bn for its exports, at a time when its hard currency reserves are running dangerously low.

But the economy is still subject to strict currency and capital controls and the country must still resolve its macroeconomic challenges before it can attract the investment needed to become a significant exporter, businesses warn.

Vaca Muerta is on the cusp of delivering on the promise successive governments have been touting over the 14 years since its discovery, as new infrastructure eases transport bottlenecks that have long hampered production.

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Article Details

Author / Journalist: Ciara Nugent

Category: MarketsFinanceInvesting

Markets: United StatesArgentinaBrazilChile

Topics: Vaca 2024 Exports Year Years Muerta Argentina Says Pipeline Investment Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 06:00:30 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1103 words

Reading Time: 7 minutes read

Sentences: 42 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23212215

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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