NATURAL GAS PRICES COMPARED TO LIQUID FUELS AND ELECTRIC ENERGY June 2006 21.8 20.3 6.7-67% (2) 2.2 15.9 16.6-61% 14.3-22% 8.6-14% 3.2 3.9 3.0 7.2 2.5 6.5 Tariff Management December 2011
Weighted Residential Tariffs for MetroGAS area: Comparison with competitive energy sources (1) - (US$/MMBTU) December 2011 15.4 21.1-53% 9.8 (3) 16.6 6.9-51% 7.6 79% -70% (2) 2.1 2.2 3.1 3.1 4.8 2.4 14.4 References: (1) End-user tariffs. Includes all applicable taxes. See page N 7 to see Tariffs in U$S/m3. (2) Weighted tariff in accordance with the number of users by segment estimated for 2009 as established in resolution I/409. (3) Tariff according to the social price for the 10 kg LPG cylinder for Residential use. Source: Department of Energy, ENARGAS, ENRE, CAMMESA and private sources. Exchange Rate: $4.28 US$. GT 1
Residential Natural Gas Tariffs in Argentina (City of Buenos Aires): Comparison with competitive energy sources (1) (Cont.) (US$/(US$/MMBTU) Client R1: Average Consumption 8.2 Mmbtu per Year 12.15-76.4% 2.87 21.35-72% 6.03 21.09 9.84-53% 16.63 +79% 1.8 2.1 1.7 3.4 1.4 10.4 Client R23: Average Consumption 33.1 Mmbtu per Year 21.09 16.63 15.08 9.84-75% -62% -53% +79% 6.85 5.67 1.71 2.2 3.3 3.1 5.8 2.4 17.4 December 2011 (X Times) Client R31: Average Consumption 41.2 Mmbtu per Year Client R34: Average Consumption 179.3 Mmbtu per Year 20.70 21.09 19.54 21.09 6.51-64% 2.34 16.63-53% 14.23 9.84 +79% 46% 2,2 8,8 3,2 4.2 2.6 12.7 5.42-23.1% 4.17 16.63 10.87 10.02 +79% -53% 80% 2.0 4.7 3.9 2.4 3.1 7.1 GT 2
Small Business Natural Gas Tariffs in Argentina (City of Buenos Aires): Comparison with competitive energy sources (1) (US$/ US$/MMBTU) December 2011 30.7 24.0 15.9 17.4-48% +37% 4.8-75% (2) 1.2 6.4 13.2 3.6 19.8 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 m 3 ). Source: Department of Energy, ENARGAS, ENRE, CAMMESA and private sources. Exchange Rate: $4.28 US$. GT 3
Industrial Natural Gas Tariffs in Argentina (Greater Buenos Aires): Comparison with competitive energy sources (1) (US$/ US$/MMBTU) December 2011 12.2 +420% +303% +44% (2) 5.3 3.6 3.0 5.7 0.8 2.3 1.6 5.7 FO GO Natural gas Fuel Oil 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 m 3 ). 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 and fiduciary fund for import of natural gas. Source: ENARGAS, CAMMESA and private sources. Exchange Rate: $4.28 US$. GT 4
Compressed Natural Gas Prices in Argentina (City of Buenos Aires): Comparison with competitive energy sources (1) (US$/100 km) December 2011 7.3 8.7 7.4 10.6 6.6 19% 43% 3.6 6% (2) +84% 2.1 2.2 1.7 3.0 3.5 4.0 3.6 4.8 CNG Gas Oil (Diesel) Regular Gasoline Premium Gasoline References: (1) For light cars' average consumption in urban areas. See page N 7 to see Tariffs in U$S/m3. (2) CNG price regulated components (transportation and distribution) haven t changed since. 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. Exchange Rate: $4.28 US$. GT 5
City of Buenos Aires: Comparison of power-plant use natural gas, fuel oil and gas oil prices (1) (US$/ US$/MMBTU) December 2011 22.2 16.0 +286% +427% 2.2 35% (1) 3.0 3.0 5.7 1.4 5,4 2.6 7.4 FO GO Natural gas Fuel Oil Gas Oil References: (1) See page N 7 to see Tariffs in U$S/m3. Source: ENARGAS and CAMMESA. Exchange Rate: $4.28 US$. GT 6
Energy prices: Comparative analysis December 2011 A) (u$s/m 3 ) GT 7
Energy prices: Comparative analysis December 2011 (Cont.) B) (US$/ US$/MMBTU) GT 8
Methodology GT 9
Methodology (Cont.) GT 10