Friday , August 19 2022

Due to the fall in imports, the energy balance reversed the red



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The balance of the energy trade recorded a surplus of US $ 175 million in the first quarter of the year, which allowed the $ $ 116 million deficit to be reversed for the same period from 2018, due to a significant fall in imports for the period and progress. small in Exports

This was reflected in a report by the Argentine Energy Institute (IAE), which highlighted the fact that there was a trade surplus of US $ 33 million in March, compared to a net of US $ 74 million in the UK. the same period last year. at the same time that the growth in hydrocarbon production is combined.

According to the report, the value, price and quantity indices show that, in March, 4.3% more fuel and energy had been exported in quantity compared to March 2018, while Export prices have increased by 2.2%.

In the accumulated figure of the first quarter, the value of its export was greater by 0.2%, exports increased by 3.4%, while the price of exportable energy goods fell by 3.2%.

On the other hand, imports of fuels and lubricants had fallen by 23.7% in March for the same month from 2018, while prices were up 5.7%.

Therefore, in the accrued figure for the first quarter, imports fell by 22.9% in value, due to a 27.2% reduction in the sums despite the 5.9% rise in prices.

In quantities, main fuel exports for the rolling year to March showed more sales of Butane (21.2%), Escalante type oil (25.2%), natural gasoline (10.4%) and propan (22.6%).

On the fuel import side, there was an increase in overseas naphtha purchases in the last 12 months collected to March of 0.7%, while an additional 0.9% of diesel was imported.

Bolivia's natural gas imports fell by 48.7% year on year and 22.3% were the cumulative figure for the last mobile year to March, while LNGs fell by 21.7% in the last mobile year.

Overall, Gas (Natural and LNG) imports have fallen by 22.1% in the last 12 months, accumulated to March 2019.

In another chapter of the report, the IAE noted that the accrued energy subsidies had increased by 398% in the accrual up to February 2019, in the same period of the year. This suggests more subsidies for $ 9,143 million in the first two months of 2019, it was the most important budget executions for Cammesa ($ 4,000 million), with $ 2,646 million, and the Gas Scheme (Decision No 46). MINEM) with $ 2,172 million.

The IAE yesterday predicted that the production of petroleum in each of the country's basins has increased by 3.1% while gas has increased by 2.9%, in both cases caused by the positive performance of the unconventional.

In its report, the entity reported that raw production had increased by 3.1% year on year in the third month of the year and 3.3% in the build up of 12 months, excluding the one 2018 "monthly oil production was very low".

Conventional oil production represented 86% of total production and decreased by 2.1% in the last 12 months, while an unconventional production, led by shale oil, increased by 52.1%.

In terms of gas production, 2.9% increased year on year and 5.6% in the accumulation of the last 12 months. Conventional gas production represented 63% of the total and decreased by 6.9% in the last 12 months, while an unconventional production, led by Tight Gas, increased by 37.6%, representing 36.6% of & # 39 of the total.

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