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VENEZUELA ENERGY IN FIGURES - Servicios IESA

VENEZUELA ENERGY IN FIGURES - Servicios IESA

VENEZUELA ENERGY IN FIGURES - Servicios IESA

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National and international Gas prices<br />

(Dollars by million of BTU)<br />

All the gas produced in Venezuela is consumed domestically, so it is important to consider domestic prices.<br />

According to current regulations, the state sets the prices and tariffs through the Ministry of Popular Power<br />

for Energy and Petroleum, with the collaboration of Ministry of Popular Power for Production and Commerce,<br />

as recommended by Enagas<br />

In 2006 it was established that for the year 2007, prices should reach approximately Bs. 26.86 per cubic<br />

meter. The new goal was set at Bs. 45.42 per cubic meter by 2015.<br />

Venezuelan*<br />

(fixed 2011)<br />

World<br />

(January 2011)***<br />

Venezuelan*<br />

(fixed 2012)<br />

World<br />

(January<br />

2012)***<br />

Venezuelan*<br />

(fixed 2013)<br />

World<br />

(January<br />

2013)***<br />

Anaco<br />

Lago<br />

Henry<br />

Hub<br />

NYC<br />

Gate****<br />

Anaco<br />

Lago<br />

Henry<br />

Hub<br />

NYC<br />

Gate****<br />

Anaco Lago Henry<br />

Hub<br />

NYC<br />

Gate****<br />

Source: Source: Venezuelan prices: Gaceta<br />

Oficial 38.401; World prices: Bloomberg<br />

* Domestic Gas<br />

*** Prices in December 31st<br />

****Mean monthly price in January<br />

Dispatch<br />

Center at<br />

Anaco<br />

0.31 0.62 2.97 5.06 0.33 0.66 2.67 4.85 0.35 0.7 3.3 4.52<br />

Mean 0.47 4.02 0.50 3.76 0.53 3.91<br />

52

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