<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002022936</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001469395</issuerCik>
      <issuerName>Pampa Energy Inc.</issuerName>
      <secFileNumber>001-34429</secFileNumber>
      <issuerAddress>
        <com:street1>MAIPU 1</com:street1>
        <com:city>CITY OF BUENOS AIRES</com:city>
        <com:stateOrCountry>C1</com:stateOrCountry>
        <com:zipCode>C1084ABA</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>54-11-4809-9500</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Mindlin Marcos Marcelo</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
        <relationshipToIssuer>10% Stockholder</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>ADS</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>UBSFinancialServicesInc</name>
        <address>
          <com:street1>1000HarborBoulevard</com:street1>
          <com:city>Weehawken</com:city>
          <com:stateOrCountry>NJ</com:stateOrCountry>
          <com:zipCode>NJ 07086</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>17394</noOfUnitsSold>
      <aggregateMarketValue>1636062.25</aggregateMarketValue>
      <noOfUnitsOutstanding>54540815</noOfUnitsOutstanding>
      <approxSaleDate>01/03/2025</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <acquiredDate>12/01/2015</acquiredDate>
      <natureOfAcquisitionTransaction>Compensation Plan</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>17394</amountOfSecuritiesAcquired>
      <paymentDate>12/01/2015</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>10/11/2024</saleDate>
      <amountOfSecuritiesSold>46392</amountOfSecuritiesSold>
      <grossProceeds>3020620.23</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>10/15/2024</saleDate>
      <amountOfSecuritiesSold>5418</amountOfSecuritiesSold>
      <grossProceeds>357705.57</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>10/16/2024</saleDate>
      <amountOfSecuritiesSold>5260</amountOfSecuritiesSold>
      <grossProceeds>347543.98</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>10/17/2024</saleDate>
      <amountOfSecuritiesSold>73021</amountOfSecuritiesSold>
      <grossProceeds>4918862.51</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>10/18/2024</saleDate>
      <amountOfSecuritiesSold>3770</amountOfSecuritiesSold>
      <grossProceeds>256375.08</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>10/21/2024</saleDate>
      <amountOfSecuritiesSold>3291</amountOfSecuritiesSold>
      <grossProceeds>225145.87</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>10/24/2024</saleDate>
      <amountOfSecuritiesSold>3333</amountOfSecuritiesSold>
      <grossProceeds>228263.84</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>10/25/2024</saleDate>
      <amountOfSecuritiesSold>43376</amountOfSecuritiesSold>
      <grossProceeds>2977979.28</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>11/06/2024</saleDate>
      <amountOfSecuritiesSold>50000</amountOfSecuritiesSold>
      <grossProceeds>3483585.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>11/13/2024</saleDate>
      <amountOfSecuritiesSold>61061</amountOfSecuritiesSold>
      <grossProceeds>4508209.35</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>11/14/2024</saleDate>
      <amountOfSecuritiesSold>60000</amountOfSecuritiesSold>
      <grossProceeds>4525872.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Marcos Marcelo Mindlin</name>
        <address>
          <com:street1>Maipu 1</com:street1>
          <com:city>Buenos Aires</com:city>
          <com:stateOrCountry>C1</com:stateOrCountry>
          <com:zipCode>1084</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Pampa Energia - ADS</securitiesClassTitle>
      <saleDate>01/02/2025</saleDate>
      <amountOfSecuritiesSold>17394</amountOfSecuritiesSold>
      <grossProceeds>1636062.25</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>01/03/2025</noticeDate>
      <signature>/s/ Marcos Marcelo Mindlin</signature>
    </noticeSignature>
  </formData>

</edgarSubmission>
