The Argentine oil companies, taking Yacimientos Petrolíferos Fiscales (YPF) as their spearhead, plan to use the accumulated debt that the Government owes them for the gas plan as a tax credit to settle their tax obligations with the Federal Administration of Public Revenues.
This action by the main companies in the aforementioned sector is due to the fact that In July 2022, the Executive stopped paying the remuneration corresponding to producers within the framework of the gas plan, where it is stipulated that the Government, specifically the Secretariat of Energy dependent on the Ministry of Economy, it must provisionally cover 75%, the following month where the producing companies supply gas to the gas pipeline network, of the difference between the price of each company and the value of the fluid.
The remaining 25% is paid 75 days after the Ministry of Energy certifies the affidavits of the oil companies in question. A) Yes, the state uses in gas planwhere the volumes of gas to be supplied by each energy company are awarded, to ensure gas supply for the domestic market.
The inconvenience comes at the time when the Government must make the payment, which was suspended since July 2022, which alters the profit projections of the oil companies and underfunds the sector that previously complies with the regulations of the internal supply and supply plan. That is why companies intend to pay off the debt using the difference against it to pay their tax obligations.
What is the Gas Plan?
The gas plan It is a State program where the volumes that must be injected into the gas pipelines for internal consumption in the Argentine territory are agreed with the country’s gas supply companies, while offering competitive prices to avoid the volatility of international markets and promote investments.
As compensation from the Government, the companies receive the economic incentive that consists of being paid the difference between the price proposed by each company for their products and the value that the fluid that will effectively transfer the Enargas to the user tariff charts will have. residential.
