# Argentina natgas woes risk slide back into energy deficit, hurting FX reserves

> Argentina, which had returned to a small energy surplus last year, is projected to slip back into an energy deficit this year, potentially reaching $1 billion. The shortfall stems from local natural gas shortages that raise the need for imported energy.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/46769-argentina-natgas-woes-risk-slide-back-into-energy-deficit-hurting-fx-reserves
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Higher energy import needs pressure Argentina's FX reserves and peso, which can affect Argentine crush margins and export pricing for soy products.

## Read by commodity

- NATGAS: bullish ▲
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-23 | [Inside Clean Energy: Natural Gas Prices Are Rising. Here’s Why That Helps the Cleanest (and Dirtiest) Electricity Sources - Inside Climate News](https://feedsoft.ai/events/7930-inside-clean-energy-natural-gas-prices-are-rising-here-s-why-that-helps-the.md) | +15.2% | +3.2% |
| NATGAS | 2020-04-22 | [Natural Gas: Physical Gas Market Now Starting To Reflect The Incoming Deficit \| Seeking Alpha](https://feedsoft.ai/events/12203-natural-gas-physical-gas-market-now-starting-to-reflect-the-incoming-deficit.md) | -3.9% | -1.6% |
| NATGAS | 2026-06-30 | [US Natgas Advances 3% on Rising LNG Flows, Record Heat - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/18979-us-natgas-advances-3-on-rising-lng-flows-record-heat-energy-news-top-headlines.md) | -1.8% | -18.4% |
| NATGAS | 2018-07-03 | [Gas traders fear US winter price spike - Energy Risk](https://feedsoft.ai/events/64222-gas-traders-fear-us-winter-price-spike-energy-risk.md) | -1.3% | -2.8% |
| NATGAS | 2021-09-24 | [Worldwide energy shortage shows up in surging coal, gas and oil prices: Kemp](https://feedsoft.ai/events/7927-worldwide-energy-shortage-shows-up-in-surging-coal-gas-and-oil-prices-kemp.md) | +15.4% | +1.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/argentina-natgas-woes-risk-slide-back-into-energy-deficit-hurting-fx-reserves-2021-06-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.