Published in The Nation .
With more deductions, transfer the rising price of gas to Argentina, Bolivia
purchase
When today enters into force the agreement signed by Presidents Evo Morales and Nestor Kirchner , Which raises the price of gas that Argentina Bolivia buys from 3.40 to $ 5 million BTU (unit of measurement) - the Government must pay about $ 110 million a year to the country's highlands. And also from today, Argentina will try to transfer fully the higher cost to customers via Chile-export taxes on gas-to avoid a price increase in the local market.
At least that's the theory. In practice there is confusion about how the operation will import and export of Bolivian gas. It happens that today is the date that the Argentine and Bolivian governments arranged up to govern the new value of the fluid and is the moment where Repsol YPF and Petrobras, which until now were the ones imported gas from Bolivia, must give way to the state oil company Energía Argentina (Enarsa).
Planning Minister Julio De Vido said yesterday that the Government move to Chile's "exact role" of the rise in the price of gas imported from Bolivia. "The deductions will be equivalent to the exact impact they have on the price of gas to Argentina 5 million cubic meters will come from Bolivia to $ 5 per million BTU ([British Thermal Unit]," said the official press in the inauguration of public works. "[The issue] is a signature the Minister of Economy, Felisa Miceli, who is doing the last technical analysis along with Customs and legal advisors, and in the coming hours will be announced the resolution, "De Vido said.
If Argentina mattered five million cubic meters of gas says De Vido (the agreement actually speaks of 7.7 million), the operation would have cost $ 630,000 per day to 925,000. This means that for one year the government will pay for that purchase 338 million dollars instead of 229 million paid up to now.
The agreement states that Argentina could buy up to 27 million cubic meters daily. This volume, values \u200b\u200bof today, represents U.S. $ 919 million per year, but if the country buys in the future all that under the agreement, will pay U.S. $ 1351 million per year.
Each of the words of the area of \u200b\u200bEnergy officials were followed yesterday with much attention from Chile. "The minister [of Energy and Mining, Karen Pochianik] is not going to talk about it in today [on Sunday], but is expected an announcement on the matter during the weekend," said a source close to the minister La Nacion (see page 2). For
yesterday hoped that the Government had issued the new tax regime for exports of gas, which currently levied on foreign sales by 20 percent. However, the resolution was not published in the Official Gazette.
"The truth is to know which securities are bought gas is a mystery. Nobody knows absolutely nothing and in theory this should already be decided," said a businessman in the sector.
Another question that floated throughout the week and no one cleared has to do with the funds to buy Bolivian gas. "Enarsa is a company that does not have enough money to make the purchase. It is necessary to provide you with money, at least until traffic and charged the government spend that money again," said a consultant who works daily oil companies. De Vido said the rise in the price of Bolivian gas will not impact "at all" on local users.
"Here is Enarsa buying and selling YPFB (YPFB), which the Argentine government guarantees payment without losing a single without gaining weight and not because we are not speculating on the price difference" he said.
A lawyer who specializes in energy issues was asked yesterday if there is an international sales contract that obliges Enarsa and YPFB. "In reality, there is a framework agreement signed by the two countries. It should also be a contract between two companies and not just a bilateral agreement," he said.
subtraction also know how to make the passage of money from public accounts to a corporation as Enarsa that while it is majority government ownership, is governed by the rules of private law.
happens that the money could be raised by taxes on exports of gas enters the public accounts, as they are national taxes. After collecting them, the executive branch should go through transfers and subsidies to state oil company.
Another unknown is what will happen if the revenue from gas sales to Chile are not enough to pay the total difference between a purchase for five dollars per million BTU and a sale at 1.30 in the domestic market. Cabot
By Diego Editors of the NATION
With more deductions, transfer the rising price of gas to Argentina, Bolivia
purchase
When today enters into force the agreement signed by Presidents Evo Morales and Nestor Kirchner , Which raises the price of gas that Argentina Bolivia buys from 3.40 to $ 5 million BTU (unit of measurement) - the Government must pay about $ 110 million a year to the country's highlands. And also from today, Argentina will try to transfer fully the higher cost to customers via Chile-export taxes on gas-to avoid a price increase in the local market.
At least that's the theory. In practice there is confusion about how the operation will import and export of Bolivian gas. It happens that today is the date that the Argentine and Bolivian governments arranged up to govern the new value of the fluid and is the moment where Repsol YPF and Petrobras, which until now were the ones imported gas from Bolivia, must give way to the state oil company Energía Argentina (Enarsa).
Planning Minister Julio De Vido said yesterday that the Government move to Chile's "exact role" of the rise in the price of gas imported from Bolivia. "The deductions will be equivalent to the exact impact they have on the price of gas to Argentina 5 million cubic meters will come from Bolivia to $ 5 per million BTU ([British Thermal Unit]," said the official press in the inauguration of public works. "[The issue] is a signature the Minister of Economy, Felisa Miceli, who is doing the last technical analysis along with Customs and legal advisors, and in the coming hours will be announced the resolution, "De Vido said.
If Argentina mattered five million cubic meters of gas says De Vido (the agreement actually speaks of 7.7 million), the operation would have cost $ 630,000 per day to 925,000. This means that for one year the government will pay for that purchase 338 million dollars instead of 229 million paid up to now.
The agreement states that Argentina could buy up to 27 million cubic meters daily. This volume, values \u200b\u200bof today, represents U.S. $ 919 million per year, but if the country buys in the future all that under the agreement, will pay U.S. $ 1351 million per year.
Each of the words of the area of \u200b\u200bEnergy officials were followed yesterday with much attention from Chile. "The minister [of Energy and Mining, Karen Pochianik] is not going to talk about it in today [on Sunday], but is expected an announcement on the matter during the weekend," said a source close to the minister La Nacion (see page 2). For
yesterday hoped that the Government had issued the new tax regime for exports of gas, which currently levied on foreign sales by 20 percent. However, the resolution was not published in the Official Gazette.
"The truth is to know which securities are bought gas is a mystery. Nobody knows absolutely nothing and in theory this should already be decided," said a businessman in the sector.
Another question that floated throughout the week and no one cleared has to do with the funds to buy Bolivian gas. "Enarsa is a company that does not have enough money to make the purchase. It is necessary to provide you with money, at least until traffic and charged the government spend that money again," said a consultant who works daily oil companies. De Vido said the rise in the price of Bolivian gas will not impact "at all" on local users.
"Here is Enarsa buying and selling YPFB (YPFB), which the Argentine government guarantees payment without losing a single without gaining weight and not because we are not speculating on the price difference" he said.
A lawyer who specializes in energy issues was asked yesterday if there is an international sales contract that obliges Enarsa and YPFB. "In reality, there is a framework agreement signed by the two countries. It should also be a contract between two companies and not just a bilateral agreement," he said.
subtraction also know how to make the passage of money from public accounts to a corporation as Enarsa that while it is majority government ownership, is governed by the rules of private law.
happens that the money could be raised by taxes on exports of gas enters the public accounts, as they are national taxes. After collecting them, the executive branch should go through transfers and subsidies to state oil company.
Another unknown is what will happen if the revenue from gas sales to Chile are not enough to pay the total difference between a purchase for five dollars per million BTU and a sale at 1.30 in the domestic market. Cabot
By Diego Editors of the NATION
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