|
|
Article: MARKET INSIGHT: Spain's Auction Popular.(Gas Natural SDG S.A.)(Statistical Data Included)
- Article from:
- World Gas Intelligence
- Article date:
- July 25, 2001
CopyrightCOPYRIGHT 2001 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Spanish government can rest assured that the Aug. 6 bid deadline for its auction of Algerian gas imports won't pass unnoticed.
Spain's incumbent Gas Natural (GN) is obliged to release one-third of its annual 6 billion cubic meters (580 million cubic feet per day) of piped gas imports from Algeria for the period running from this autumn through the end of 2003. Traders may apply for any volume ranging from one-quarter to one-tenth of the release quantity of 2 Bcm/yr.
A WGI survey of the country's 19 licensed gas traders indicates that half a dozen -- including BP, Royal Dutch/Shell, Spanish power giant Endesa, and Cepsa Gas Comercializadora, owned ...