The Ministry of Energy awarded in mid-December the volumes of gas that each oil company must inject between 2023 and 2028 under the new version of the gas planthe scheme that the State has used for almost a decade to ensure gas supply for the domestic market.
The initiative was well received in the industry: companies proposed competitive prices which were below what some producers and analysts projected.
The weak point of the contracting scheme, however, remains the extension of the terms in which the State pays to the producers the monthly amount that corresponds to them for the injection of the gas that the households receive through the intermediary of the distributors.
OIL WORKERS
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The The Ministry of Economy covers the difference between the price offered by each company in the Gas Plan tender and the value of the fluid that indeed move the Enargas to the rate charts for residential users.
The regulation establishes that the Ministry of Energy must cover 75% on a provisional basis the following month in which the producers inject the gas into the main gas pipeline network. Later, the final payment for the remaining 25% should be made within 75 daysonce Energía certifies the affidavits presented by the oil companies.
Nevertheless, that mechanics never finished oiling and today it is practically broken. In fact, the payments of the definitive declarations stopped being paid in mid-2021 and none of the declarations presented in 2022 were ever directly cancelled.
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Courtesy: The Morning of Neuquén
Payments for provisional declarations stopped in July 2022. According to some private oil companies, It has been more than 18 months since the State has not canceled the final payments to the producers.
A survey carried out by the specialized portal EconoJournal among gas producers estimated that the total debt of the Ministry of Economy with the oil companies is around $25,000 million plus interest. The creditors include the largest players in the market such as YPF, TotalEnergies, PAE, Tecpetrol, Wintershall Dea, Pampa, CGC and Pluspetrolamong other.
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If to the debt accumulated by the Executive for the gas delivered to the distributors red is added what they incurred Cammesathe company that manages the Wholesale Electricity Market (MEM)which buys the gas for the thermoelectric plants, and the state enarsawhich acquires the gas that is later sold by some distributors such as Camuzzi Gas del Sur, the figure exceeds $ 30,000 million.
What some companies are evaluating is try to use the debt accumulated by the Gas Plan as a tax credit to cancel tax obligations with the AFIP. The regulations authorize this possibility, although until now no oil company has decided to raise the case to move forward in this way.
Source: Ambito
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