Wednesday, December 6 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Dec 04
Week of Nov 27
Week of Nov 20
Week of Nov 13
Week of Nov 06
By Topic
By News Partner
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Cristina explained the reasons why the energy balance reversed its deficit

    September 26, 2023 - CE Noticias Financieras


      After the talk she gave at UMET, Vice President Cristina Kirchner used her social networks to explain the reasons for the fiscal deficit she had during part of her government and how that number was reversed.

      "Do you remember when on Saturday, at UMET, I explained why we had fiscal deficit in part of our government? It was because our energy balance had been turned upside down and we had to go from exporting energy for up to 6 billion dollars when Néstor was President, to importing it for the same amount", said the former President on her Twitter account, and quoted a graph from the consulting firm Ecolatina published by Infobae.

      There, it can be seen how from 2010 to 2015 there was a drop in the energy balance due to a higher demand from the industrial sector. "Why did the energy balance turn around? Fundamentally for two reasons?", she continued.

      Cristina Kirchner explained the reasons why the energy balance turned around:

      1. "The decline in exploration, exploitation and production by REPSOL -the reason why, in 2012, we decided to recover YPF, our flagship oil company, and Vaca Muerta, the second largest unconventional gas field worldwide and fourth of the same oil"-.

      2. "The exponential increase of the internal energy demand by the industry that did not stop growing, the booming commercial activity and the private/residential consumption. How many people bought new appliances, cars, enlarged their house or built a new one? In short... What am I going to tell you?"

      After this, the exmandataria highlighted the title of the article by journalist Virginia Porcella. "Energy dollars: the good inheritance that the next government will receive", and indicated that "the good inheritance is Vaca Muerta and the Néstor Kirchner Gas Pipeline".

      "And there is a bonus that came with the recovery of YPF: the Palermo Aike gas and oil field in the Province of Santa Cruz, which represents 1/3 of the total of Vaca Muerta", he added.

      And he added: "As I always say, there are three things that cannot be hidden for long: the sun, the moon and the truth".


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.