Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from the Vaca Muerta shale formation. From January 2021 through September 2024, crude oil production in Argentina increased by 50%, and natural gas production rose by 27%, lifting output of both fuels near the records set in the early 2000s.Rising production of crude oil and natural gas from the Vaca Muerta formation has increased export opportunities for both fuels. Growing domestic natural gas production and the development of several new pipeline projects have decreased Argentina’s liquefied natural gas (LNG) imports.
December 5, 2024
SOURCE: EIA
Argentina’s crude oil and natural gas production near record highs