Argentina enacts Cold Zone gas subsidy reform; 1.6M users to lose discounts

Argentina's government enacted a law changing gas subsidy calculations, with official estimates indicating 1.6 million users will lose subsidies, mainly in Buenos Aires, Córdoba, and Santa Fe. The reform aims to reduce Treasury transfers financing the regime, but even users retaining discounts will pay more. This marks a policy shift toward fiscal consolidation, potentially raising energy costs for households and businesses.