Gas production in Argentina has seen fluctuations over the past decade. From 2013 to 2023, production grew from 3.34 Billion Cubic Feet Per Day to 4.08 Billion Cubic Feet Per Day in 2023. The year-on-year variation showed significant swings, with notable growth spurts in years like 2018 and 2019 followed by a downturn in 2020. Over the last two years, growth was positive at 1.34% in 2023, reflecting relative stability.
Looking forward, forecasted data from 2024 to 2028 indicates a continued, albeit modest, upward trend. The Compounded Annual Growth Rate (CAGR) for this period is projected at 0.69%, suggesting steady but slow growth, reaching 4.27 Billion Cubic Feet Per Day by 2028. This forecasted growth represents an aggregate increase of 3.49% over the five-year horizon.
Future trends to watch for include:
- Potential impacts of new policies or regulations on gas production.
- Technological advancements that could enhance production efficiency.
- Global market shifts and their effects on domestic production strategies.
