| Date: September 30, 2010 | Source: Europa Press |
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Loading ... Two major energy products, light and butane, from morning rise 4.8% and 2.8% respectively, while natural gas rate will pick up a 1.2% decrease for the fourth quarter.
In the case of electricity, will increase 1.7 euros for a receipt means, and is the result of applying a 3% increase in the tariff of last resort (TUR) with time-, and 5% in the conventional.
Although about five million potential users of social bond will not suffer the increase, consumer associations report that so far this year, TUR enjoyed by 24 million subscribers has risen by around 11%, a rate 2.6% in January and 4.8% now, you have to add the VAT increase in July.
In the case of butane, the morning rise of 2.81% will be expensive to 12.5 kg cylinder by 16.6% since January, to 12.79 euros, after including taxes and VAT hike . Between eight and ten million consumers use butane.
Specifically, the cylinder rose 3.4% in January and then 5.7% and 4.7% in the respective quarterly reviews April and July, which is now added the update for October.
The only product that will lower energy starting tomorrow will be natural gas, that will make up 1.2% on average after the Ministry of Industry applied a discount of 0.97% for stage T1-TUR of gas consumers cooking and hot water, and 1.26% for T2-heated gas consumers.
There are currently some 3.5 million households benefiting from these two types of rates. The TUR of natural gas to consumers in the T2 section in July rose 8.1%, excluding VAT increase that month. Those of T1 recorded a rise of 7%.
In the March quarterly review, the Ministry of Industry and applied a 4.15% rise in gas TUR stage T2 and 3.6% at T1 customers. In January, the Government decided to freeze the rate.
| Date: July 27, 2010 | Source: Sources |
Go ahead and rate this post Loading ... Gas Natural Group posted a net profit of 853 million euros in the first half of the year, up by 37.1% over the same period of 2009, when company earnings stood at 622 million euros, reports energy group to the National Securities Market Commission (CNMV).
The company explained that the benefit of the semester was driven by the context of recovery in energy demand in Spain and mainly by the aggregation of results from the sale of gas distribution assets in the Community of Madrid.
The gross operating profit (EBITDA) of Gas Natural Group reached 2,381 million euros, an increase of 48.1% over the first half of 2009, due in large part from the failure to incorporate the global integration of Union Fenosa until April 30, 2009.
Meanwhile, the net operating result (EBIT) of the group amounted to 1,836 million euros, a rise of 73.2% over the first half of last year, while turnover of the company increased by 46 , 8% to 9.431 million euros, by the incorporation of Union Fenosa.
The group chaired by Salvador Gabarro invested 588 million in the quarter, 1.2% less, while the debt at the end of June stood at 18,200 million, excluding 1,500 million deficit financing rate for Fenosa Gas, to which securitization has committed the Government.
The company's activity was marked in the first half by improved synergies plan, organic growth business in Iberoaméria and that strengthening of the position in liberalized markets, among others.
Initial plan for synergies of 550 million Fenosa Gas fulfilled at the end of the semester with 98% of commitments, and is already working on a second plan that it hopes to raise this item in another 200 million.
"The results are robust, in line continuity with the first quarter and in very difficult environmental conditions in which the group has developed strategies to exploit opportunities and mitigate the problems that at times have been raised in the markets," said CEO of the company, Rafael Villaseca.
The official said the plan continues to apply synergies "successfully" and that the group stands ready to strengthen the balance sheet and reduce debt. The divestment program, in its view, "have reaped success."
ELECTRICITY AND GAS
By business, the distribution of electricity in the first half amounted to 27,227 gigawatt hours (GWh) compared to the 8,113 GWh of the same period last year, while gas fell by 1.2% to 204,655 GWh . Villaseca said that demand in the main areas of activity of the group increased by around 4%.
Of the 588 million invested, 30.8% went to the business of electricity, compared to 31.8% of the distribution, 27.9% to Latin America and 3.4% gas. In Spain, and within the area of electricity, the group pledged 139 million.
| Date: June 19, 2009 | Source: Sources |
Go ahead and rate this post Loading ... The European Commission President Jose Manuel Durao Barroso, warned on Friday to the heads of State and Government of the 27 high risk of a new gas crisis "in weeks rather than months" because of the difficulties Ukraine paying for Russian gas. The new crisis could lead to new cuts in supplies to EU countries such as occurred last winter by the confrontation between Moscow and Kiev.
"There truly the risk of another major crisis within weeks rather than months. And we must protect European citizens," Barroso told a news conference at the end of the summit held in Brussels.
He announced that the EU executive has called a meeting for next week with representatives of international financial institutions, European gas companies and representatives of the Member States to try to agree a "package of short-term funding" for Ukraine. But he said a solution must be found "sustainable" and made clear that aid to Kiev can not leave the EU budget.
The Commission president said he has advised the Member States more vulnerable to "take immediate steps to respond to a possible crisis." "We work to achieve the best result but we must be prepared for the worst" he said.
| Date: March 11, 2009 | Source: Europa Press |
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The price of the gas cylinder will drop from 13.5 euros to 10.5 euros in the next quarterly review April 1, representing a decrease of three euros (22.4%), announced today the Minister of Industry Miguel Sebastian, in an appearance before the Congressional Committee on Industry.
"From April 1 the price of the gas cylinder will be reduced by three euros," said the minister, who calculated that the annual savings will lower prices of 72 euros for an average user.
Alongside this, the price of natural gas in April will also experience a "substantial reduction" Sebastian said, without specifying the magnitude of this decline.
The revision in the price of butane responds to automatically update the formula for calculating this rate, which takes into account the raw material, freight (shipping) and the value of the euro against the dollar.
The price of the bottle, which remained unchanged in the revision of October last year after reaching a record in April from 14.1 euros, down 26 cents in January to 13.5 euros, the average consumer it represented a saving of 5.76 euros.
As for natural gas, the rate fell in January by 3.6% thanks to lower oil prices, after rising 9.6% in October
| Date: January 13, 2009 | Source: Economic @ 21 |
Go ahead and rate this post Loading ... Vice President of the Russian gas company Gazprom, Alexander Medvedev, said today that his company has informed the Commission that he was "not possible to send gas to Europe through Ukrainian territory," without specifying the reason, although The company said earlier today in a statement that the gas pumping was resumed.
In addition, Medvedev said at a news conference that Ukraine has continued to enter the Russian observers to the underground reservoirs or the centralized control of the Ukrainian gas network, according to Russian news agency RIA Novosti. But the European Commission has claimed that neither Moscow nor Kiev allow European observers access to gas distribution centers to verify the volume of gas.
He also said that gas supplies from Russia to Europe via Ukraine has not yet been fully resumed. These two events represent a breach of the agreement reached between the three parties to resolve the gas crisis, said Brussels.
Meanwhile, the gas company Naftogaz Ukraine said Tuesday through his spokesman Valentin Zemlianski Ukraine has begun to receive Russian gas destined for European countries. It also demanded in a statement Naftogaz to Gazprom that concretized the volume and route of Russian gas that goes to Europe.
According to the Ukrainian company, its subsidiary Ukrtransgaz last night received a fax from Gazprom in which he confirmed the resumption of gas supply and pumping 76.6 million cubic meters of gas to the Balkans, Turkey and Moldova through the station Soudja.
But Naftogaz said that these volumes have not been concluded in time between the two companies, which contradicts the rules for using transit pipelines. The Ukrainian company also considers it necessary to update the documents establishing the technical operation of the pipeline system and the joint work of regulating services of both countries to ensure the stability of gas transit.
"This will allow the reception of Russian gas on Ukrainian Russian border, and secure transit and restore flow to European consumers," says the statement of Naftogaz.
Graphical Representation of Major Gas Producing Countries
| Date: December 25, 2008 | Source: Europa Press |
Votes: 4 Rating: 4.75 / 5) Loading ... The major gas exporting countries, grouped informally so far in the Forum of Gas Exporting Countries (GECF) agreed last day 23 in Moscow be a formal organization will be headquartered in Doha (Qatar) and which functions could be modeled in the Organization of Petroleum Exporting Countries (OPEC), with the aim of defending the interests of gas producing countries and influence the markets.
"A new organization is born this day," said Russian Energy Minister Sergei Shmatko, after the meeting that served to shape a project originally launched informally in Tehran seven years ago and could pose a threat to consumer countries gas, as only between Russia, the largest exporter of gas in the world, Iran, Algeria, Venezuela and Qatar control two thirds of world reserves of gas and over 42% of production.
In this regard, the Russian Prime Minister Vladimir Putin said in comments reported by Russian news agencies that "the era of cheap gas has come to an end", so that consuming countries should be prepared for higher prices.
The meeting in Moscow was attended by 18 countries, from Algeria, Bolivia, Brunei, Egypt, Indonesia, Iran, Libya, Nigeria, Malaysia, Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela are Forum members, while Equatorial Guinea received membership status during the meeting Moscow and Kazakhstan was accepted as an observer, the same role played by Norway.
On the other hand, Doha was eventually chosen to host the city's new gas cartel imponiénsode to applications from Tehran and Algiers, as well as St. Petersburg, though Russia had shown their preference for hosting that organization in the ancient city of Tsars.
