Fuel and energy exports climbed 23.2% year-on-year to $1.24 billion while imports dropped 38.5% to $145 million. The full first quarter also set a surplus record.
The company acquired the assets of the Norwegian firm, which withdrew from the country, and is now awaiting a decision from the pipeline consortium and Chilean national authorities to add its shale oil volumes.
In 2025, Argentina recorded the largest energy trade surplus in its history. In the coming years, that record could be surpassed as projects approved and under review through the Incentive Regime for Large Investments (RIGI) move forward. Some analysts forecast an energy trade balance generating a combined $48 billion by 2030 and $67 billion by 2035.
The collapse in purchases of foreign gas, down 97.4%, saved the country $571 million, while the sharp increase in crude export volumes offset the decline in international prices.
