Analysis of the natural gas proved reserves in Argentina shows that from 2013 to 2023, there has been a general upward trend in reserves, starting at 320 Billion Cubic Meters in 2013 and rising to 400 Billion Cubic Meters in 2023. Significant year-on-year increases were observed between 2018 and 2019 (7.22%) and between 2019 and 2020 (0%), followed by more moderate growth rates thereafter, resulting in a 0.76% increase in 2023. The CAGR over the last 5 years (2018-2023) was 2.08%, highlighting steady growth.
Future trends to watch for:
- Forecasts from 2024 suggest that the reserves will stabilize at 400 Billion Cubic Meters until 2026, with a slight increase to 410 Billion Cubic Meters by 2028.
- The forecasted 5-year CAGR from 2024 to 2028 is low at 0.3%, indicating a potential plateau in reserve growth.
- Monitoring advancements in extraction technologies and policies affecting the natural gas sector will be crucial to understand future reserve dynamics.
- Global market conditions and Argentina's domestic energy policies will also play significant roles in influencing future reserve levels.
