In 2017, purchases of electric motors and generators from Central American countries totaled $152 million, which represents an increase of 3% compared to the previous year.
Figures from the information system on theElectric Motors and Generators Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"]
In 2017, purchases of electric wires and cables from Central American countries totaled $791 million and grew by 74% with respect to the previous year, in contrast to the fall recorded between 2015 and 2016.
Figures from the information system of theMarket of Wires, Cables and Other Electricity Conductors in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Price of a gallon of regular gasoline: Costa Rica $4.22, Nicaragua $3.99, Honduras $3.78, El Salvador $3.58, Guatemala $3.54 and Panama $3.24.
From a statement issued by the Ministry of Economy of El Salvador:
The latest report provided by the IEA states that inventories of oil and its derivatives from the United States fell by 1.4 million barrels, which has affected prices in the global market; likewise, gasoline inventories dropped by 3.8 million barrels, while distillate and diesel reserves decreased by 100,000 barrels; It should be noted that during the last two weeks these inventories have decreased a total of 7.7 million barrels, these figures impact the prices of domestic liquid fuels, due to the fact that El Salvador is a net importer of petroleum products.
The Ministry of Energy and Mines reports that the process to tender the operation of the pipeline has been approved by the Attorney General's Office.
Without giving further details on the terms of the contract for the operation of the pipeline, currently the responsibility of Perenco, the Minister of Energy and Mines, Luis Chang, stated that the bidding process received a favorable ruling and is progress is being made.
MIREC WEEK is an international congress on Renewable Energies, one of the most important in the sector, and will be held from May 21 to 24, 2018 in the World Trade Center, Mexico City.
MIREC WEEK is an International Congress on Renewable Energies, one of the most important in the sector, which brings together numerous companies, and will take place from May 21 to 24, 2018 at the facilities of the World Trade Center, Mexico City.
Instituto Nacional de Electrificación de Guatemala is putting out to tenderconstruction of works and a supply of specialized equipment for different hydroelectric plants.
Price of gallon of regular gasoline: Costa Rica $4.09, Nicaragua $3.98, Honduras $3.69, Guatemala $3.49, El Salvador $3.50 and Panama $3.20.
From a statement issued by the Ministry of Economy of El Salvador: [GRAFICA caption = "Click to interact with graphs"] Added to the geopolitical tension generated by the US' decision to withdraw from the nuclear pact with Iran, is the increase in demand from Asian countries, especially China, which is the country that consumes the most crude oil and derivatives.Its latest report indicates that it has reached record levels with 9 million barrels per day, representing 10% of world consumption and more than a third of the entire Asian continent, leaving less product in the market. This, combined with the tight production restrictions of the OPEC and non-OPEC countries led by Russia and possible sanctions against Iran, is pushing international prices upwards, causing the country to experience increases for the present fortnight.
Price of the gallon of regular gasoline: Costa Rica $4.10, Nicaragua $3.86, Honduras $3.66, El Guatemala $3.43, Salvador $3.42 and Panama $3.05.
From a report by the Ministry of Economy of El Salvador:
The current geopolitical events in the Middle East, in particular an attack on Syria led by the coalition of the United States, France and the United Kingdom, has caused great uncertainty among investors and prices in theHydrocarbons market, due to the fact that this could lead to a substantial decrease in production, in addition to the one that the Organization of Petroleum Exporting Countries (OPEC) has had in place since the end of 2016, affecting world supply and causing prices to maintain their upward trend.[GRAFICA caption = "Click to interact with graph"]
The National Electrification Institute of Guatemala is putting out to tender updating of software for the relay calibration equipment in the Western Electric System.
The National Electrification Institute of Guatemala is putting out to tender the maintenance of 60 power transformers in the central system, by means of gas chromatography.
From June 5 to 9, companies from the energy industry will be gathering together in San Pedro Sula to take part in business conferences and discuss issues that are relevant to the sector.
The initiative is being run by state entities and the private sector, and will take place between June 5 and 9 at the Convention Center of the Chamber of Commerce and Industry of Cortés (CCIC) in San Pedro Sula.
The Guatemalan government has finally approved the contracting model and promises to launch the bidding process within the next four months.
At the end of 2016 the Ministry of Energy and Mines announced that it was beginning to prepare, at that time, a plan to call a new tenderand grant a concession for the operation of the pipeline, currently in the hands of Perenco, to a new company. Due to delays in the process, in February last year the contract with Perenco was extended for 18 months, meaning that August would be the deadline for the new launch.
Price of a gallon of regular gasoline: Costa Rica $4.05, Nicaragua $3.77, Honduras $3.58, El Salvador $3.26, Guatemala $3.19 and Panama $2.91.
From a report by the Ministry of Economy of El Salvador:
The current reference prices show increases in all products due to the latest report provided by the Energy Information Administration (AIE), the issue of tariffs and international political sanctions by the US government. [GRAFICA caption = "Click to interact with graph"]
In the last 20 years sugar mills in Guatemala increased their energy generation from 160 MW to 700 MW, and currently their contribution is equivalent to 27% of the energy matrix.
The union for the sector estimates that over the last decades mills have invested around $820 million in the generation of electric power.
With these investments yields have improved, as according to figures from the Association of Independent Cogenerators of Guatemala (ACI) for " ... every ton of ground cane, the mills used to be able to generate 44 kilowatt hours (kWh), but with the research development they generate 91 kWh."
Price of gallon of regular gasoline: Costa Rica $4.02, Nicaragua $3.71, Honduras $3.63, Guatemala $3.22, El Salvador $3.20 and Panama $2.95.
From a report by the Ministry of Economy of El Salvador:
The current reference prices are experiencing their second reduction at the national level due to the tension generated by North American and geopolitical productive factors created by uncertainty inworld tariffmatters. [GRAFICA caption = "Click to interact with graph"]
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