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First step to create the Iberian gas market Enagás will return to the fray with the Portuguese REN, taking advantage of the privatization of the company. The State will put its 51% stake up for sale, within the plans that the Lisbon Government is finalizing to comply with one of the requirements that the EU and the IMF have demanded of Portugal after its rescue: create a single gas market with Spain. As El Confidencial Digital has learned , Enagás would be willing to exchange shares with Redes Energeticas Nacionais (REN), once the conditions of the sale of the company have been analyzed. The privatization of REN represents an opportunity for Enagás to study the purchase of a package from the Portuguese gas transportation manager to promote the shelved Iberian market project . Enagás' idea is that the exchange reaches a maximum of 5% of REN , and that the Portuguese company takes a stake of no more than 3% .
Currently it already controls 1% of the Spanish company. However, Enagás had not managed to buy shares of the Portuguese energy network until now due to their low price on the stock market. Now, a partial privatization paves the way for it, since it will be able to take part of the stake that the Portuguese State gives up. Iberian UK Mobile Number List gas market, EU and IMF requirement for rescue After the launch of the Iberian Electricity Market , the Governments of Spain and Portugal laid the first stone to build a similar integration system in the gas sector. The Mibgas, whose constitution was agreed upon by Rodríguez Zapatero , and his then Portuguese counterpart, José Sócrates , at the Spanish-Portuguese summit in Badajoz in 2006 , has been postponed indefinitely. However, according to the sources consulted, the rescue of Portugal , with its new creditors (the euro zone, the European Commission and the International Monetary Fund) has set deadlines and conditions for both countries to begin negotiating the creation of the Iberian Market now.
International organizations have demanded regulatory convergence between the two territories to facilitate integration. In this sense, they have called on the new Portuguese Executive, recently elected at the polls on June 5, to undertake political initiatives with the Spanish authorities in order to eliminate the double tariff in the gas market, and they have set the third quarter of this year as the deadline to launch the negotiation. Gas marketers currently pay two tolls for the use of the tubes (exit and entry) when crossing the border between Spain and Portugal, one to the manager of the Spanish system, Enagás, and another to the Portuguese, REN . The condition now imposed on Portugal's rescue would force the two governments to establish a single toll as already exists in the case of electrical interconnections. Furthermore, Felipe González was the protagonist of the signing as President of the Government, at the end of the 1980s, of a trilateral agreement for the construction of a gas pipeline for Spain with Algeria through Morocco , which allowed the Maghreb gas pipeline to come into operation in 1996 .
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