The Argentine energy system is experiencing difficulties as a result of intersecting variables such as the composition of its energy, stagnant supply, steady growth in demand. The concern over the issue has become public through the document issued in May 2009 by former Secretaries of Energy "Proposal for a state policy of the Argentine energy sector," which warned "that the country is heading for the loss of energy self-sufficiency holding for two decades. " The energy matrix has a strong focus on non-renewable resources like oil and gas that account respectively for 49 and 41.1 of primary energy consumption in 2007 while the share of clean energy, also called green energy, remains low.The main problems of energy supply resulting from the decline in oil production over the last decade and the decline in proven reserves of both oil and gas. As far as oil, in the period 2001 - 2008, reserves have fallen by 9 and production by 18 . As for natural gas, while the reserves have fallen by 39 , production increased by 4.5 . Regarding exports, oil fell by 86 and gas by 1.8. The latter indicator does not respond only to falling domestic supply but also the strong growth in domestic demand. Added to this, the electricity sector has also been unable to increase its power generation. Finally, energy demand has increased the pace of GDP growth since the end of convertibility in 2002, not only as a consequence of growth but also by the incentives to consume that emerge from the rate freeze.In fact, in recent years have faced restrictions on the supply of gas, electricity and liquid fuels at times of peak consumption in certain regions. This macro, together with the increase in international oil prices, the increasing effects on the environment and the consequent international commitments undertaken in the field, led the national government to implement policies to diversify the energy matrix.
Recent Comments