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Europe Looks to Argentina for Longer Term Energy Supply

NATURAL GAS

The EU hopes to sign an energy deal MOU with Argentina ‘soon’ according to the EU's foreign policy chief, Josep Borrell this week.

  • He referred to Argentina as a” budding energy power".
  • "We are making progress on a memorandum of understanding for energy issues. I hope it can be completed soon. We are not talking about years or months: there is a clear mutual interest," Borrell said.
  • Argentina "has enormous gas deposits, but it has no way of exporting it. It is a very large gas power, potentially speaking. Many investments must be made” he added.

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