Argentina sees energy investment reaching $15 billion next year, fueled by deregulation

BUENOS AIRES (Reuters) - Argentina's government expects investments in the country's energy sector to reach up to $15 billion in 2025 and $16.5 billion in 2026 thanks to its market deregulation push, Energy Secretary Eduardo Rodriguez Chirillo said on Tuesday.

The estimated spending includes additional funds that flow from the country's RIGI investment promotion regime, which range from $2 billion to $2.5 billion per year, according to Rodriguez.

The government of libertarian President Javier Milei has promoted a series of reforms aimed at reducing state intervention in the economy, including a major deregulation push.

The policies seek to facilitate energy exports, in addition to deregulating local prices along with offering more access to foreign currency.

At an energy event, Rodriguez Chirillo argued the measures will lead to a better business climate to attract investment.

(Reporting by Eliana Raszewski; Writing by Natalia Siniawski; Editing by David Alire Garcia)