Argentina 380V energy storage power supply price

4 FAQs about [Argentina 380V energy storage power supply price]

Does South America have a strong energy supply in 2024?

The share of wind has increased by 10 points since 2017. The country holds South America''s 3 rd largest gas reserves. Oil products dominate the final energy mix (41% in 2024), followed by gas (34%). Gasoline and diesel prices soared in 2024. Household electricity prices are much lower than in Brazil or Chile.

What is Argentina doing to increase hydrocarbon production?

The Vaca Muerta shale oil and gas field is the main contributor to the hydrocarbon production expansion. Argentina is pushing China to finance its nuclear development, including the 1.2 GW Atucha III. The Energy Secretariat ("Secretaria de Energía de la Naciόn"), under the Ministry of Economy, is in charge of developing the energy policy.

What is South America''s energy mix in 2024?

The share of natural gas in the power mix varies greatly with the level of hydropower (52% in 2024). The share of wind has increased by 10 points since 2017. The country holds South America''s 3 rd largest gas reserves. Oil products dominate the final energy mix (41% in 2024), followed by gas (34%). Gasoline and diesel prices soared in 2024.

How much gas does South America have?

Gas and oil reserves amount to around 400 bcm and 340 Mt, respectively (end of 2024). The country ranks third in South America in terms of gas reserves, after Venezuela and Brazil, and fifth in terms of oil reserves. The country''s natural gas reserves are decreasing because of the lack of investments by energy companies.

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