Argentina
News

Argentine gas distributors strained by natural gas price freeze

Bnamericas Published: Monday, February 17, 2020
Argentine gas distributors strained by natural gas price freeze

Argentine natural gas distributors are seeing their finances strained by the ongoing natural gas price freeze in the country.

Some of the sector’s companies use close to 80% of their revenues for staff and operating costs, leaving them with little room to cover their financial commitments, industry representatives told government officials.

In a meeting with production minister Matías Kulfas and energy minister Sergio Lanziani, company executives asked the administration to resume the price adjustment process, known as RTI. The plan was interrupted last year by the previous administration and has not been updated since.

Argentina’s biggest gas distributors include Metrogas, Naturgy, Camuzzi, Gasnor, Gas Nea, Litoral Gas and Ecogas. They are grouped under industry lobby group Adigas.

The companies also asked the administration to designate key posts at regulatory body Enargas so they can begin talks about resuming the price adjustment process.


Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Argentina)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas (Argentina)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: KRK Latinoamericana S.A.  (KRK Latinoamericana)
  • KRK Latinoamericana S.A., founded in 2001, is an Argentinean firm based in Buenos Aires which is aimed at providing comprehensive engineering and execution projects for bulk mat...
  • Company: BTU S.A.  (BTU)
  • BTU S.A. is an Argentine company engaged in the development and execution of engineering, construction, assembly and start-up projects, such as civil works, railroad renovations...
  • Company: Roch S.A.  (Roch)
  • Roch is an Argentine oil company engaged in the exploration and production of oil and natural gas from 17 deposits in four Argentine provinces. The company has more than 181 pro...
  • Company: Mapal S.A.  (Mapal)
  • Mapal S.A., created in 1967 as Construcciones Julio César Pallucchini, is an Argentinean company with head office in San Juan which offers bridges and road works construction se...