NATURAL GAS PRICES COMPARED TO
LIQUID FUELS AND ELECTRIC ENERGY
December 2001
June 2006
Relative to natural gas
(X times)
21.8
20.3
15.9
16.6
14.3
-61%
-22%
8.6
-14%
6.7
-67% (2)
2.2
Natural gas
Tariff Management
3.2
3.9
Electricity
3.0
7.2
LPG
2.5
6.5
Kerosene
March 2008
Residential Natural Gas Tariffs in Argentina (City of Buenos Aires):
Comparison with competitive energy sources(1)
(US$/10 6 BTU)
December 2001
March 2008
Relative to natural gas
(X times)
21.8
21.1
21.4
16.6
16.1
-62%
+2%
-3%
8.3
6.7
-68% (2)
Natural gas
2.2
3.2
3.8
Electricity
3.1
9.9
LPG
2.5
7.4
Kerosene
References: (1) End -user tariffs. Includes all applicable taxes. See page N° 7 to see Tariffs in U$S/m3.
(2) Annual consumption: 35.5 MMBTU (962 m3).
Source: Department of Energy, ENARGAS, ENRE, CAMMESA and private sources.
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1
Commercial Natural Gas Tariffs in Argentina (City of Buenos Aires):
Comparison with competitive energy sources(1)
(US$/10 6 BTU)
December 2001
March 2008
Relative to natural gas
(X times)
30.7
19.2
-37%
-68% (2)
4.8
6.4
18.5
17.4
6%
12.4
3.6
11.9
1.6
Gas natural
Electricity
LPG
References: (1) Includes all applicable taxes, except VAT. See page N° 7 to see Tariffs in U$S/m3.
(2) Annual consumption: 76.57 MMBTU (2075 m3 ).
Source: Department of Energy, ENARGAS, ENRE, CAMMESA and private sources.
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2
Industrial Natural Gas Tariffs in Argentina (Greater Buenos Aires):
Comparison with competitive energy sources (1)
(US$/10 6 BTU)
December 2001
22.8
March 2008
Relative to natural gas
(X times)
11.7
+296
21% (1)
+285
3.6
5.7
4.4
3.0
0.8
2.6
FO
Natural gas
Fuel Oil
1.6
5.1
GO
Gas Oil
References: (1) See page N° 7 to see Tariffs in U$S/m3.
(2) End -user tariffs for small businesses. Includes al applicable taxes, except VAT. Annual consumption:
11,654 MMBTU (315.800 m3). Includes increases on non-regulated components, taxes and average gas price
for brokers’ Clients. It also includes the charge for gas fund 1 and 2 .
Source: ENARGAS, CAMMESA and private sources.
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3
Compressed Natural Gas Tariffs in Argentina (City of Buenos Aires):
Comparison with competitive energy sources(1)
(US$/100 km)
December 2001
March 2008
Relative to natural gas
(X times)
9.1
8.1
5.8
5.1
4.3
-16% (2)
2.5
-36%
-37%
2.1
-8%
1.7
CNG
4.0
1.9
Gas Oil (Diesel)
3.2
2.4
Regular Gasoline
3.6
2.8
Premium Gasoline
References: (1) For light cars' average consumption in urban areas. See page N° 7 to see Tariffs in U$S/m3.
(2) CNG price regulated components (transportation and distribution) haven´t changed since December 2001.
The increase in final CNG prices reflects the gas commodity price increase and variations on taxes, specific
funds and service station margins.
Source: Department of Energy and service stations.
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City of Buenos Aires: Comparison of power-plant use natural gas, fuel oil
and gas oil prices (1)
(US$/10 6 BTU)
December 2001
March 2008
22.8
Relative to natural gas
(X times)
+296%
11.7
+285%
-9%
5.7
(1)
2.2
2.0
3.0
1.4
5.8
FO
Natural gas
Fuel Oil
2.6
11.2
GO
Gas Oil
References: (1) See page N° 7 to see Tariffs in U$S/m3.
Source: ENARGAS and CAMMESA.
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5
Energy prices: Comparative analysis – March 2008
A) (u$s/m3)
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6
Energy prices: Comparative analysis – March 2008 (Cont.)
B) (US$/10 6 BTU)
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7
Methodology
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8
Methodology (Cont.)
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9