Nicaragua intervenes in Tropigas distributor
After declaring a "national emergency" in the energy sector, president Daniel Ortega decided to intervene in the company, which was having difficulties in meeting the local demand for gas.
Thursday, September 25, 2008
Ortega authorized the Nicaragua Institute of Energy (INE) to temporarily take over the company's gas import and distribution installations and said that the intervention will be for six month and that this will in no way affect the property rights of the company, according to reports in the La Prensa newspaper.
The Minister of the Economy confirmed that the measure would be taken if the companies that import and distribute the product cause a shortage (of supply) in the market and affect consumers.
Internal problems in the larger of the two current distributors is restricting supply in the market and has forced the government to authorize the operation of other distributors.
For several years now, Honduran authorities have stated their intention of moving the company’s gas plant in the locality of Omoa.
Pacific Rubiales Energy, a Canadian corporation, is studying the Panamanian market, to determine the feasibility of importing gas from Colombia.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar