Posted in Clarín .
It was signed yesterday. Takes the value of the gas it buys Argentina to U.S. $ 5 a unit of measure until the end of the year. Although the agreement is for 20 years, now must define how to adjust the values \u200b\u200bfor 2007.
An increase of over 50% of the purchase price, local financing of not less than $ 50 million for a gas separation plant and a clause preventing the diversion of fuel to other countries are the salient points the new gas supply agreement that ended President Nestor Kirchner and his pair of Bolivia, Evo Morales.
After four months of negotiations in Buenos Aires and La Paz, the two leaders initialed yesterday the new rules for imports of gas in a sports stadium in Hurlingham, where they shared a political act with the Bolivian community in Greater Buenos Aires .
The agreement has a term of 20 years. But in regard to prices, has a limited scope, since the values \u200b\u200bmust be adjusted.
Clarín As anticipated, the value of the gas imported from Argentina will last months average of U.S. $ 3.20 a million BTU to $ 5 effective July 15. According to the Government, since June and was being paid nearly $ 4 by the automatic update was the previous agreement.
The new value of $ 5 would be maintained until the end of the year and from January 2007 there will be a new ajustepor a formula that will follow the international price of gas and byproducts.
The increase agreed with Bolivia will not impact on users because the difference will be transferred to the oil exports that are local neighbors.
The Ministry of Planning Julio De Vido leading confirmed yesterday that the rise in imported gas will be compensated with a "Backup withholding" will apply in proportion to exports that flow mainly to Chile and to a lesser extent Brazil and Uruguay.
Currently, Bolivia Argentina can import up to 7.7 million cubic meters per day which represents almost 4% of total consumption in the country. On the side of exports, shipments averaged 15 million cubic meters daily. Of that total, 95% goes to market at an average price trasandino $ 2 million BTU which was set in the late 90's. With the new "surcharge" set by the Government, the Chilean importers would pay between $ 2.70 and 3 million BTU.
Kirchner-Morales agreement provides that the Argentine government will finance the construction of a gas separation plant in Bolivia. Will be operated by YPF in Bolivia will cost at least U.S. $ 50 million and will be used to separate the "dry gas" that is sent to Argentina and liquefiable products for the domestic market in Bolivia. According to Energy Minister Andres Soliz Rada, "Bolivia agreed to drop from 5.50 to $ 5 gas price on condition that Argentina will face the investment of the plant."
The agreement also provides that the current maximum import volume of 7.7 million cubic meters will be extended by 20 million cubic meters once the pipeline is built from the NEA.
addition, the Bolivian government said the gas shipped to Argentina may not be used to increase local exports to Chile, a country with which Morales want to negotiate the provision of fuel in exchange for the recovery of the outlet to the ocean Bolivia took until the late nineteenth century.
As the governing rules of the game between Argentina and Chile, Bolivia left the door open to restrict gas exports. The agreement states that "the Bolivian domestic market will have priority in all cases" and before any event may be reduced further deliveries abroad existing agreements.
It was signed yesterday. Takes the value of the gas it buys Argentina to U.S. $ 5 a unit of measure until the end of the year. Although the agreement is for 20 years, now must define how to adjust the values \u200b\u200bfor 2007.
An increase of over 50% of the purchase price, local financing of not less than $ 50 million for a gas separation plant and a clause preventing the diversion of fuel to other countries are the salient points the new gas supply agreement that ended President Nestor Kirchner and his pair of Bolivia, Evo Morales.
After four months of negotiations in Buenos Aires and La Paz, the two leaders initialed yesterday the new rules for imports of gas in a sports stadium in Hurlingham, where they shared a political act with the Bolivian community in Greater Buenos Aires .
The agreement has a term of 20 years. But in regard to prices, has a limited scope, since the values \u200b\u200bmust be adjusted.
Clarín As anticipated, the value of the gas imported from Argentina will last months average of U.S. $ 3.20 a million BTU to $ 5 effective July 15. According to the Government, since June and was being paid nearly $ 4 by the automatic update was the previous agreement.
The new value of $ 5 would be maintained until the end of the year and from January 2007 there will be a new ajustepor a formula that will follow the international price of gas and byproducts.
The increase agreed with Bolivia will not impact on users because the difference will be transferred to the oil exports that are local neighbors.
The Ministry of Planning Julio De Vido leading confirmed yesterday that the rise in imported gas will be compensated with a "Backup withholding" will apply in proportion to exports that flow mainly to Chile and to a lesser extent Brazil and Uruguay.
Currently, Bolivia Argentina can import up to 7.7 million cubic meters per day which represents almost 4% of total consumption in the country. On the side of exports, shipments averaged 15 million cubic meters daily. Of that total, 95% goes to market at an average price trasandino $ 2 million BTU which was set in the late 90's. With the new "surcharge" set by the Government, the Chilean importers would pay between $ 2.70 and 3 million BTU.
Kirchner-Morales agreement provides that the Argentine government will finance the construction of a gas separation plant in Bolivia. Will be operated by YPF in Bolivia will cost at least U.S. $ 50 million and will be used to separate the "dry gas" that is sent to Argentina and liquefiable products for the domestic market in Bolivia. According to Energy Minister Andres Soliz Rada, "Bolivia agreed to drop from 5.50 to $ 5 gas price on condition that Argentina will face the investment of the plant."
The agreement also provides that the current maximum import volume of 7.7 million cubic meters will be extended by 20 million cubic meters once the pipeline is built from the NEA.
addition, the Bolivian government said the gas shipped to Argentina may not be used to increase local exports to Chile, a country with which Morales want to negotiate the provision of fuel in exchange for the recovery of the outlet to the ocean Bolivia took until the late nineteenth century.
As the governing rules of the game between Argentina and Chile, Bolivia left the door open to restrict gas exports. The agreement states that "the Bolivian domestic market will have priority in all cases" and before any event may be reduced further deliveries abroad existing agreements.
0 comments:
Post a Comment