Financial bookrunner ranking: Energy drove the debt market in 2025 and early 2026
Argentina’s negotiable obligations market tops $20B in 2025, projects another solid year in 2026 as energy accounts for nearly half of corporate financing
One of the main players in Argentina’s energy sector, with a strong presence in power generation and the renewable energy market.
Renewable energy generation, consolidating its position as one of the leading suppliers in terms of GWh delivered to the corporate market.
Argentina’s negotiable obligations market tops $20B in 2025, projects another solid year in 2026 as energy accounts for nearly half of corporate financing
Argentina is emerging as a regional shale powerhouse, but with weak Brent prices and higher costs, the market in 2026 will demand greater, almost surgical efficiency. The energy map is being rewritten, and the question is whether profitability will hold in the next chapter.
The successful operation by Loginter and Vestas at the Port of Bahía Blanca strengthens the terminal’s position as a strategic logistics hub for the arrival of wind turbines and components, supporting the expansion of renewable energy in Argentina.
Argentina’s renewable energy sector is entering a period of strong dynamism, with local and multinational players vying for leadership. Major international developers are playing an increasingly prominent and decisive role, aiming to reshape the country’s energy landscape.
Innovative solutions use energy-saving algorithms that evaluate the time of day, natural lighting and the total load on the power grid, ensuring stadiums operate at maximum efficiency regardless of the
Preparatory work is underway for the directional drilling on the north bank, while on the south bank a welded and hydrostatically tested pipe section is ready for insertion, with additional works still pending at the site.
With a focus on shale development and the LNG project, the proceeds will be used to support the company’s aggressive investment plan in Argentina and to refinance existing liabilities. The bond, with an implied 11-year maturity and principal repayments in three annual installments starting in year nine, saw solid demand that allowed it to be priced in the middle of the initial book range of $300 million to $500 million.
By combining the European Union’s engineering expertise and innovation capacity with Mercosur’s unique geological endowment, the treaty will make many energy projects more economically attractive.
With 1,791 stages, December reflected a slight slowdown, coming in below the annual monthly average of 1,982 stages and well off the record set in May at 2,588. YPF continued to dominate activity with 778 stages, accounting for 43% of the monthly total.
With a portfolio that already exceeds 27 submitted projects and investment commitments topping $33 billion, extending the deadline to 2027 could unlock additional investment and new projects, further expanding the country’s energy and mining frontier.
In the first episode of a special Pampa Energía podcast series marking the company’s 20th anniversary, Marcelo Mindlin looks back on his personal story, the origins of the project and the decisions that shaped one of Argentina’s leading energy companies.
Argentine gas exports to Brazil are already operational, albeit at modest initial volumes, with significant growth projected through 2030. Routes and methods for scaling up are under consideration.
It is the largest LNG sales operation from Argentina in terms of both volume and duration. The agreement was signed by Rodolfo Freyre of Southern Energy South America (SESA) and Frédéric Barnaud of Germany’s SEFE. The deal further strengthens Vaca Muerta’s position as an international player.