By EurasiaReview.comAmerica’s largest natural gas producer and a significant producer of oil. However, the heavily regulated energy sector includes policies that limit the industry’s attractiveness to private investors while shielding consumers from rising prices. Consequently, demand for energy in Argentina’s rapidly growing economy continues to rise while production of both oil and gas are in decline – leading Argentina to depend increasingly upon energy imports.
Argentina consumed an estimated 3.3 quadrillion British thermal units (Btu) of energy in 2008, relative to 3.6 quadrillion Btu of total energy produced. Natural gas – used widely in the electricity, industrial, and residential sectors, and increasingly in transportation – comprises approximately one-half of Argentina’s total energy consumption. Much of the remainder of total energy demand is met by...Read Full Article
