“I see the sector in a very optimistic way. We have a lot to do with our own head, we have opportunities to do what we did in 1907, which was find oil and build a state company. With which, take that and 100 years of experience in its own industrial development, to produce and supply the oil and energy sector, ”said Mellano.
Malinovsky, in turn, he agreed: “The current state is promising. And understanding it in a global context where energy is taking a fundamental role. An energy transition is being considered, and Argentina has the resources to transition into the matrix that Argentina needs. We have to build our matrix, something we already knew how to do. Today gas is once again a fundamental resource. And to that are added renewable energies, which must be developed by the national productive cluster and we have the role of nuclear energy, which does not emit greenhouse gases. And Argentina has a track record in the production of electrical energy with that source ”.
“We are in a process of energy transition and the source fuel for that transition is natural gas. Argentina has one of the main fuel reserves of the future ”, added Bronstein, who underlined: “I am optimistic, in light of the results. The country is one of the best able to emerge from the pandemic. Little by little the world is walking again, coming out of the pandemic, and Argentina is one of the countries that came out the best, due to various public policies: oil production grew 10% this year. And natural gas production also had a significant jump, 18%. The horizon for growth is very positive ”.
On the recovery of production after the impact of the pandemic, Mellano explained: “Energy moves with everyday life, from industry to homes. With an aggravating factor, which is a limitation, which is the storage capacity. Speculation is limited in that context. You can’t buy a lot of oil when it’s cheap. The price is going to move with the crisis. We have our reality, and it is an opportunity to advance in designs and developments that we are lacking.. We have potential, but we must put in place an energy plan for 20 or 30 years, which is not just the goal. A comprehensive plan. Oil is a resource that gives us energy, just like gas. It has to be transformed into energy and that transformation is also a big part of our economy. And we have to generate innovation in that industry. The energy has to go to certain places and the industry that accompanies the energy development has to be prepared ”.
Regarding the opportunity that the country has in the energy transition, Mellano said: “I think it is the opportunity to prepare for the energy transition in the best way. We knew how to have axes in previous transitions and Vaca Muerta can be a lever for a qualitative leap in new industries, which would give us internal predictability, which is what we need the most ”.
For his part, when analyzing the opportunity that nuclear energy represents, Malinovsky pointed out: “Nuclear energy represents 10% of electrical energy generation worldwide. In Argentina it is 7.5%. In this scheme, if we go to a decarbonized world, the alternatives that we have of firm power are gas, coal, hydrocarbons, and what is nuclear energy: because renewables generate energy, but they are intermittent. There Argentina has to see which is the best matrix, or the one that it can achieve, and nuclear energy is going to play a fundamental role. More nuclear power generation can be incorporated, taking into account the scientific and productive framework that is generated around it ”.
“Nuclear energy is very important in the transition process. It is a reliable and constant source of energy “, he explained. Bronstein, and detailed: “But the mainstay of the energy transition is in natural gas. It is the bridge of the energy transition. It is an interesting resource and meets the condition of firm, which is what renewables do not count at the moment. Natural gas is the solution, since it is the fossil fuel that generates the least emissions and Argentina has very important resources. Argentina has already made progress in the energy transition process ”.
Referring specifically to Vaca Muerta and the possibility of exporting energy, Mellano highlighted: “Today it is very profitable. The investment made for a well is recovered in two years. There are plenty of resources. We have consumed less than 1% of Vaca Muerta, we are talking about many decades of internal consumption and some export. But you have to do a preliminary study, because it is not like exporting soybeans, we have a long history. The great producers of the world are not going to let you sell barrels of oil happily. But for the internal use of Argentina, the development of Vaca Muerta is very important ”.