Exploring Cardano: Inner Workings and Advantages of this Cryptocurrency
Seville.- Economy.- Innova.- STSA inaugurates its new painting and sealing hangar in San Pablo, for 18 million
Innova.- More than 300 volunteers join the Andalucía Compromiso Digital network in one month to facilitate access to ICT
Innova.-AMP.- Ayesa acquires 51% of Sadiel, which will create new technological engineering products and expand markets
The Prime Minister of Slovakia remains seriously ill but is out of danger
Iran confirms indirect negotiations with the US to contain the regional expansion of the Gaza war
One of the Spanish survivors of the attack in Afghanistan is already traveling back to Spain
A new health protest runs through Madrid against Ayuso's management: "Quality healthcare, that is freedom"
How Blockchain in being used to shape the future
Not just BTC and ETH: Here Are Some More Interesting Coins Worth Focusing on
The UA participates in the proposed Ramses mission to study the close passage of an asteroid to Earth
They develop a tool to end discrimination biases in AI
A research group from the UA works on the development of healthy foods through AI
The Valencian researcher José Rafael Penadés, named 'fellow' of the British Royal Society
A million people demonstrate in France against Macron's pension reform
Russia launches several missiles against "critical infrastructure" in the city of Zaporizhia
A "procession" remembers the dead of the Calabria shipwreck as bodies continue to wash up on the shore
Prison sentences handed down for three prominent Hong Kong pro-democracy activists
ETH continues to leave trading platforms, Ethereum balance on exchanges lowest in 3 years
Investors invest $450 million in Consensys, Ethereum incubator now valued at $7 billion
Alchemy Integrates Ethereum L2 Product Starknet to Enhance Web3 Scalability at a Price 100x Lower Than L1 Fees
Mining Report: Bitcoin's Electricity Consumption Declines by 25% in Q1 2022
Oil-to-Bitcoin Mining Firm Crusoe Energy Systems Raised $505 Million
Microbt reveals the latest Bitcoin mining rigs -- Machines produce up to 126 TH/s with custom 5nm chip design
Bitcoin's Mining Difficulty Hits a Lifetime High, With More Than 90% of BTC Supply Issued
The Biggest Movers are Near, EOS, and RUNE during Friday's Selloff
Global Markets Spooked by a Hawkish Fed and Covid, Stocks and Crypto Gain After Musk Buys Twitter
Bitso to offset carbon emissions from the Trading Platform's ERC20, ETH, and BTC Transactions
Draftkings Announces 2022 College Hoops NFT Selection for March Madness
MADRID, 6 Oct. (EUROPA PRESS) -
Naturgy and Sonatrach have reached an agreement to review the price of their natural gas supply contracts that retroactively affects the volumes supplied this year, and they will continue to negotiate the prices applicable from 2023.
As reported by the company to the National Securities Market Commission (CNMV), the agreements establish the new price that will be applied retroactively for the volumes supplied until the end of 2022 and that, as established in the contracts between Sonatrach and Naturgy for revisions of price, taking into account market conditions.
Thus, the energy company chaired by Francisco Reynés indicated that the two companies continue to negotiate the prices applicable from January 1, 2023 within the framework of the contractual clauses.
The agreements signed this Thursday have been approved by Naturgy's board of directors and are subject to ratification by the highest Algerian government authorities.
This very morning, in an informative meeting organized by CEOE-Cepyme, Reynés himself already assured that the negotiations with Sonatrach for the revision of the natural gas supply contract with Algeria "are progressing very well" and "soon" there would be "good news ", although he stressed that this "good news will not be complete, since prices will logically rise".
However, he stressed that the price revision would not be as high as "the exorbitant figures that have been said in some forums." Naturgy had been carrying out this open review all year, since the previous one took place in 2020 with market prices around 20 euros per megawatt hour (MWh), while natural gas is currently trading at around 180 euros/MWh.
The contracts currently in force between Naturgy and Sonatrach were signed more than 20 years ago and are valid until 2030 for an annual volume of around 5 bcm (billions of cubic meters) and entail firm volume commitments, both for Sonatrach's supply and for forced withdrawal of gas for Naturgy via 'take or pay' clauses (which oblige to pay even if the gas is renounced).
Both companies are two of the oldest commercial partners in the supply of gas to Europe, since they signed their first contract in 1965, two years after the creation of Sonatrach.
