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Argentina watch: Hydrogen policy, capital controls, gas prices, climate change cabinet

Bnamericas

Federal and provincial officials, along with academics, private sector players and other stakeholders, met in Argentina’s Río Negro province on Monday to put green hydrogen under the spotlight.

The aim of the event was to advance state policy and build consensus on priorities, strategy and opportunities, the government’s economic and social council said.

Argentina is eyeing a hydrogen-exporting industry.

In the framework of a renewable energy and energy efficiency bill submitted to congress, production minister Matías Kulfas said officials were working on associated rules to promote investment in green hydrogen. Work on construction of a 2030 national hydrogen strategy is also underway. 

A multibillion-dollar green hydrogen project is planned for Río Negro, which has devised its own hydrogen strategy.

ALSO READ: Southern Cone’s green hydrogen push

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Argentina’s government has published a decree that lays out a new capital controls-easing regime for the hydrocarbons sector. Officials had announced the measures last week.

Read the decree (in Spanish)

ALSO READ Who may benefit first from eased capital controls in Argentina’s O&G sector?

ALSO READ Snapshot: Argentina’s new capital control-easing measures for the hydrocarbons sector 

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The federal energy department issued a resolution containing changes to end-user gas prices.

The new prices of gas at the point of injection into the transport system, known as Pist, will enter force from June 1.

Standard residential end-user bills are expected to climb around 20%.

Read the resolution (in Spanish)

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Argentina’s most important hydrocarbons-producing province – Neuquén – is working to establish a dedicated climate change cabinet.

As an initial step in the process, an inter-ministerial working group, focused on policy coordination in the sphere of climate change adaption and mitigation, held its first meeting.

Officials will compile data and work on an associated action plan, the provincial government said in a statement.  

The move stems from Neuquén’s adhesion in 2019 to national law 27,520, which formally established a national climate change cabinet.  

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