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TotalEnergies to invest $10 billion in Argentina, CEO Pouyanne says - Finance news and analysis from Global Banking & Finance Review
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TotalEnergies to invest $10 billion in Argentina, CEO Pouyanne says

Published by Global Banking & Finance Review

Posted on October 1, 2026

1 min read

· Last updated: October 1, 2026

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TotalEnergies Commits $10 Billion to Argentina Energy Investments

TotalEnergies Announces Major Investment Plans in Argentina

Investment Overview

PARIS, Oct 1 (Reuters) - French oil company TotalEnergies plans to invest $10 billion in Argentina, Chief Executive Patrick Pouyanne said on Thursday at a conference in Paris.

Key Projects and Developments

The investment will be through different projects, including a new offshore development in Tierra del Fuego and amplification of its gas production facility in Neuquen.

Production Goals and Financial Outlook

"We want to enhance production to 16 million cubic metres per day," Pouyanne said, adding that investments of $4 billion to $5 billion is expected over the next 10 years.

(Reporting by Lucinda Elliott and Inti LandauroEditing by Sudip Kar-Gupta and David Goodman)

Key Takeaways

  • TotalEnergies commits to a US$10 billion Argentina investment portfolio, including offshore Tierra del Fuego and Neuquén gas ramp‑up, per CEO Patrick Pouyanné at Paris conference.
  • The offshore Fénix project near Tierra del Fuego began production in September 2024 and has capacity of 10 million m³/day (~8 % of Argentina’s gas), part of broader Argentine operations (totalenergies.com).
  • TotalEnergies operates ~25 % of Argentina’s gas production via Total Austral, with key assets in Tierra del Fuego (CMA‑1 concession) and Neuquén’s Vaca Muerta, and divested some Vaca Muerta blocks in 2025 to focus on core offshore and Neuquén development (totalenergies.com.ar).

References

Frequently Asked Questions

How much is TotalEnergies investing in Argentina?
TotalEnergies plans to invest $10 billion in Argentina over the next decade.
What projects will TotalEnergies invest in within Argentina?
Projects include a new offshore development in Tierra del Fuego and expanding the gas production facility in Neuquen.
Who announced the investment by TotalEnergies in Argentina?
Chief Executive Patrick Pouyanne announced the investment at a conference in Paris.
What is the production target for TotalEnergies in Argentina?
TotalEnergies aims to enhance gas production to 16 million cubic metres per day.
Over what period will the $10 billion investment be made?
The investment is expected to be made over the next 10 years.

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