domestic energy storage cost breakdown in Argentina 2026

How much energy does Argentina consume in ?

Argentina's total energy consumption was 3.45 quads in , lower than the 3.57 quads consumed in (Figure 1). The reduction in energy consumption was curbed by a 0.5% annual decline in the country's gross domestic product per capita, adjusted for inflation, between and (Figure 2).

Why does Argentina have a high energy demand?

Argentina is commissioning large projects in both the generation and transmission sectors to meet rising electricity demand. In addition, equipment and transportation bottlenecks have limited growth in Argentina's oil and natural gas production.

Who owns the fuel distribution network in Argentina?

Most of the fuel distribution network is controlled by four major companies: YPF, Axion Energy, Shell, and Trafigura. Together, they hold a combined market share of over 67% and own more than 3,000 retail stations in Argentina. YPF operates over one-third of the retail stations.

How has energy production changed in Argentina?

Following a 20% cumulative decline between and in energy production, Argentina’s energy production began to increase in . From to , energy production grew by an annual average of 2%—primarily driven by natural gas, which contributed 62% to this growth.

How much coal does Argentina use in ?

In , thermal coal accounted for 30% of the total coal demand, while metallurgical coal made up the remaining 70%. The consumption of thermal coal has decreased over the years. In , Argentina consumed 0.5 million short tons of thermal coal, down from 1.9 million short tons in .

What role does Argentina play in the energy sector?

Given the current economic challenges, Argentina's federal and provincial governments continue to have a significant role in the energy sector. The Argentine government views the oil and natural gas sector as a major driver of exports and a way to generate revenue.

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