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Energy Storage Grand Challenge Energy Storage Market
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Country Analysis Brief: Argentina
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6 FAQs about [Container energy storage cost breakdown in Argentina 2026]
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.
How much coal does Argentina use in 2023?
In 2023, 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 2023, Argentina consumed 0.5 million short tons of thermal coal, down from 1.9 million short tons in 2013.
How much energy does Argentina consume in 2022?
Argentina's total energy consumption was 3.45 quads in 2022, lower than the 3.57 quads consumed in 2012 (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 2012 and 2022 (Figure 2).
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.
What is the average rig count in Argentina in 2023?
Argentina’s average rig count was 58 in 2023, which was down from 64 in 2019 as a result of high well costs (Figure 8). Argentina’s oil production growth accelerated from 2021 to 2023, increasing by 8% per year on average. Most of the growth came from crude oil, including condensates (Figure 9).
Is hydropower a source of carbon-free energy in Argentina?
Hydropower is an important source of carbon-free energy in Argentina, making up about 16.5% of the country's electricity generation in 2022. As of 2023, Argentina had 33 hydropower plants, with a total capacity of 9,254 MW.