Economic crisis threatens to stall Vaca Muerta
Economic turmoil and infrastructural congestion are raising doubts over Argentina's shale growth
Argentina's hope of fast-tracking production from its vast Vaca Muerta shale play, the world's second largest by output, could be delayed as the country adapts to recession. Last year, Argentina was forced to seek a $57bn bailout package from the IMF — the largest-ever sum issued by the fund — after the peso lost over 60pc of its value and inflation surged. In response, the government decided to further scale-back its production subsidy programme, a move that calls its ambitious growth targets into question. Argentina's hydrocarbon sector has largely depended on subsidies. Between 2017-18, production subsidies increased by 30pc to $2.7bn. At the same time, Argentina set itself bold productio
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
