A PYMNTS Company

Argentina: With CNDC participation, government modifies gas tender regulations

By  |  February 11, 2019

The government of Argentina summoned the country’s largest natural gas distributors to modify the terms for auctions for the supply to homes throughout the country, responding to the suggestions and demands of the sector´s entrepreneurs.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Gustavo Lopetegui, Secretary of Energy, announced the change in payment deadlines (which will be set to a compromise 60 days) and in the formality of bids divided into two days, which will take place this week on February 14 and 15. Sources close to the companies, including important players such as Camuzzi, Metrogas, Naturgy, EcoGas, Litoral, Gasnor, Gasnea, TGN and TGS, commented on their satisfaction with the meeting as they felt their concerns had been heard by the authorities.

    The companies represent around 30% of the natural gas consumed in the country. For tenders that will be carried out through the Electronic Gas Market (MEGSA),they include Integración Energética Argentina as suppliers in the Northern Basin, as well as subsidized users in Patagonia. The meeting was also attended by representatives of the National Commission for the Defense of Competition (CNDC), who gave recommendations to avoid cartelization in the sector under these auction mechanisms.

    Full Content: Cronista

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.