A Judgment failure about her Chilean subsidiary of Naturgy presentation of first semester results scheduled from this friday to the next thursday August 11, as reported by the company to the National Securities Market Commission (CNMV) in a related incident. The company’s fine this morning affects the company metrogas (55% owned by Naturgy since 2016) conflict from 2009while the gas company has not yet entered the Chilean company.
According to sources from the Spanish company, the Government of Cristina Fernández de Kirchner Bans gas exports from Argentina to Chile In 2009, it caused differences of opinion among the Chilean gas company. metrogas –Argentina’s main natural gas distributor– and Argentine carrier Northern Gas Carrier (TGN) –gas carrier– this is also a series requests filed by the latter breach of contracts, Metrogaz, on the other hand, referred to the reasons for force majeure.
Thirteen years later, a Federal Judge’s sentence first example Argentina condemns Metrogas Payment to TGN “for invoices and lost profits, plus costs and interest” derivatives of it gas transport contract affected by it The energy crisis between Argentina and Chile. Given that the decision is not final and there is a possibility of appeal, Metrogas has announced that it will appeal the decision.
in 2017 Naturgy recorded the existence of this case in its accounts Between Metrogas and TGN in Argentina. Therefore, upon learning of the existence of a court order, the gas company decided to stop informing the market about this decision and present its results for the first half of 2022, which it planned to do this Friday to calculate the possible impact. would be in your accounts. the company he manages Francisco Reynes to advance it First anticipate that the effect will be “limited”Although he adds that he will detail analysis next days. In any case, it should be remembered that Spaniards participation is limited to 55%therefore, the total amount of the fine is reduced by this percentage.
this The natural gas crisis between Argentina and Chile dates back to 2004. With a decision to suspend the delivery of surplus natural gas to Chile before the onset of the “energy crisis” during the government period, Nestor Kirchner (2003-2007). Three years later, in 2007, under the presidency of Cristina Fernández de Kirchner, Posts have been completely stopped.