Argentina

Argentina targets Brazil for gas exports despite Bolivian fees

Argentina aims to boost gas sales to Brazil by 2030, but high transit fees imposed by Bolivia require significant public investment to secure alternative routes.

CATL deploys TENER Stack system in Brazil to accelerate regional expansion

CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.

Nano Nuclear partners with Dioxitek to strengthen Argentina’s nuclear supply chain

Nano Nuclear Energy has signed a memorandum of understanding with Dioxitek, Argentina’s only uranium supplier for nuclear fuel, to assess the development of local conversion and enrichment capacities.
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YPF Transfers Seven Oil Zones to Terra Ignis to Refocus Its Assets

YPF transfers management of seven conventional zones to Terra Ignis, marking a key step in its strategy to refocus on higher-value projects.

U.S. Court Halts Transfer of 51% of YPF Shares to Creditors

A New York appeals court has temporarily frozen the enforcement of a ruling ordering Argentina to transfer 51% of YPF’s capital, pending review of the appeal filed by Buenos Aires.

CATL Suspends Lithium Mine in China : Prices Surge 8%

The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.
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TotalEnergies sells two strategic Vaca Muerta blocks to YPF for USD 500 mn

TotalEnergies completed the sale of its 45% stake in two unconventional hydrocarbon concessions to YPF in Argentina for USD 500 mn, marking a key milestone in the management of its portfolio in South America.

Brazil’s oil industry plans over $110bn in total natural gas investments

In response to the energy transition, Brazil’s oil majors are accelerating their gas investments. It is an economic strategy to maximise pre-salt reserves before 2035.

Trump hits Brazil with 50% tariffs but spares oil and iron

Washington imposes massive duties citing Bolsonaro prosecution while exempting strategic sectors vital to US industry.
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Petrobras Cuts Natural Gas Prices by 14% to Boost Brazilian Industry

The state-owned oil company adjusts its rates amid falling oil prices and real appreciation, offering up to $132 million in savings to distributors.

Union strikes at Vaca Muerta put Argentine oil production under pressure

Two separate strikes in the Vaca Muerta region threaten to disrupt oil and gas production after historic records, with unions protesting layoffs and unpaid wages in a rapidly expanding sector.

The International Court of Justice opinion increases legal risks for fossil fuel projects

The advisory opinion issued by the International Court of Justice increases legal exposure for states and companies involved in the licensing or expansion of oil and gas projects, according to several international law experts.
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The United States sides with Argentina in YPF dispute

The U.S. government has supported Argentina’s request for a temporary suspension of an order to hand over its stake in YPF, a 16.1 billion USD judgment aimed at satisfying creditors.

Arctech Brazil obtains FINAME certification and accelerates its regional expansion

Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.

Latin America’s six largest economies accelerate transition to renewables

Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
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NANO Nuclear signs strategic agreement with UrAmerica on Argentine uranium

NANO Nuclear Energy Inc. formalizes its collaboration with UrAmerica Ltd. to strengthen Argentina’s uranium supply, aiming to secure future nuclear fuel supply chains for the U.S. market.

VMOS secures USD 2 billion to finance its flagship Vaca Muerta project

VMOS signs a USD 2 billion loan to finance the construction of the Vaca Muerta South pipeline, aiming to boost Argentina's energy production while reducing costly natural gas imports.

Argentina forecasts 180 Mmcd to become regional supplier and major LNG exporter

According to a Wood Mackenzie report, Argentina could achieve daily gas production of 180 million cubic metres per day by 2040, aiming to become a key regional supplier and a significant exporter of liquefied natural gas.
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Argentina restricts industrial gas amid historic cold snap

Facing the lowest temperatures recorded in 30 years, the Argentine government announces reductions in natural gas supply to industries to meet the exceptional rise in residential energy demand across the country.

Argentina and Peru strengthen cooperation in civil nuclear sector

Argentina and Peru have signed an agreement expanding their scientific and technological cooperation in the civil nuclear field, including joint research projects and specialised training programmes for future development.

Pemex Faces an Uncertain Future with a Tight Budget for 2025

Pemex’s 2025 budget, reduced by 7.5%, jeopardizes its production targets and increases Mexico’s risk of crude oil imports due to insufficient investments in oil resource exploitation.

The Export Ambitions of Vaca Muerta: Challenges and Realities in Argentina’s Energy Diplomacy

Vaca Muerta, one of the world’s largest shale gas reserves, places Argentina at a major strategic crossroads. Yet, with limited infrastructure, economic challenges, and energy diplomacy complexities, its export ambitions face significant hurdles.

Petrobras explores opportunities in the Argentine oil and gas sector

The Brazilian oil giant Petrobras is considering a return to Argentina, drawn by the potential of Vaca Muerta and a new energy cooperation agreement between the two nations.
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Six new countries commit to tripling global nuclear production by 2050

At COP29, six countries joined an ambitious declaration to triple global nuclear capacity by 2050, bringing the number of signatories to 31, backed by major financial institutions.

The Northern Natural Gas Pipeline: A Strategic Lever for Argentina’s Energy Independence

The new Northern Natural Gas Pipeline connects shale gas resources from Neuquén to northern Argentina, aiming to reduce imports and open up export opportunities.

Argentina: YPF Completes Pipeline to Boost Oil Exports to Chile

YPF Completes Pipeline to Boost Oil Exports to Chile
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Argentina-El Salvador Agreement: Nuclear Cooperation to Diversify Energy

El Salvador signs a memorandum of understanding with Argentina’s National Atomic Energy Commission to develop its nuclear program, marking a key step in its energy diversification strategy.

Pampa Energía invests USD 1.2 billion in Mendoza to produce 50,000 barrels/day

Marcelo Mindlin, President of Pampa Energía, announces a $1.2 billion investment in the Vaca Muerta project, aimed at increasing oil production. This development is accompanied by renewable energy initiatives, promising significant economic impacts.

Argentina increases gas exports to Brazil and Chile

Argentina is expanding its natural gas exports from Vaca Muerta to Brazil and Chile, bolstered by new transport infrastructure and increased production.
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Limited increase in US LNG exports to Latin America in August

Exports of liquefied natural gas (LNG) from the United States to Latin America and the Caribbean rose slightly by 7% in August, with flows varying from country to country.

How China Reduces Nuclear Reactor Costs

China outperforms France in nuclear construction costs, thanks to optimized mass production and robust state financing, significantly reducing expenditure.

Argentine lithium: mining growth under environmental strain

Lithium mining in Argentina, a key driver of the global energy transition, generates economic opportunities while posing serious environmental and social challenges for local communities.
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Brazil Reduces Hydroelectricity and Increases Thermal Sources

Intense drought on the Madeira River is forcing Brazil to reduce its dependence on hydroelectricity, in favor of more expensive thermal sources and energy imports from neighboring countries.

Drought in the Amazon forces Brazil to import energy

Drought in the Amazon is reducing hydroelectric production, forcing Brazil to increase its energy imports.

Haizea and EIB sign €35 million green loan for European wind power

Haizea Wind Group and the European Investment Bank (EIB) sign a 35 million euro green loan to modernize wind turbine component production and strengthen the renewable energy supply chain.
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US LNG Exports to Asia Increase in July

Increased demand in Asia-Pacific is redirecting US LNG exports, reducing deliveries to Europe.

China and South Korea to be main customers for US LNG in July

In July, China and South Korea dominated US LNG imports, while Europe's share declined significantly.

World Oil Reserves: Stable at 1,536 Billion Barrels

Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
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Splight Inc. raises $12M to use AI to reduce energy congestion

Splight Inc. obtains $12 million to develop its AI technology, reducing grid congestion and optimizing the integration of renewable energies.

Air Liquide: Lower Profits, Higher Operating Margin

Air Liquide reports lower profits and sales in the first half of 2024, but improves operating margin.