Page 16 - EurOil Week 05 2023

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German industry set to pay 40% VAT and excises, the state water and energy 14, for minibuses 15.5, for buses 15.4,
The average age for passenger cars was
regulation body, KEVR, said in a statement
more for energy in 2023 versus on January 27. for pickup trucks 13.3, for trucks 17.8,
for motorcycles 13.3, for special purpose
The price is falling as a consequence of
2021 the mix of four suppliers and the 30% lower vehicles 14.3 and for tractors 24.4.
The TUIK statistics also showed that
consumption due to the warm weather.
German industry is anticipated to pay about KEVR noted that currently Bulgaria is last year saw the number of motor vehicles
40% more for energy this year than in 2021, not using gas from the Chiren gas storage registered for road use in Turkey increase by
a study by Allianz Trade stated on January since December 25 as it has enough gas 1.27mn, or 10.1%.
30, as a result of contracts expiring and the imports. Of the 56,506 passenger cars registered
delayed wholesale pricing impact. The head of KEVR, Ivan Ivanov, said that in December, 14.5% were Fiat models,
Germany was among the EU countries the committee would not increase the prices 13.9% Renault, 7.2% Toyota, 6.1%
worst affected by the fallout from Moscow’s of heating and electricity thanks to the Volkswagen, 6% Hyundai, 5% Opel, 4.3%
invasion of Ukraine. As gas and power lower gas prices. Kia, 4.3% Mercedes-Benz, 4.1% Peugeot,
prices soared across the continent, some KEVR will decide on the price change on 3.9% Dacia, 3.7% BMW, 3.7% Honda, 3.5%
major German gas buyers such as Uniper February 1. Citroen, 3.4% Skoda, 2.9% Audi, 2.4%
had their Russian gas supply cut over the Nissan, 2.2% Ford, 1.7% Seat, 1.2% Volvo,
summer after Gazprom reduced flow via the 1.2% Suzuki and 4.3% other brands.
Nord Stream 1 pipeline. Serbia’s NIS invests RSD1.5bn in Of the 566,280 cars registered for road
“The large energy-price shock still lies use in Turkey—a country of 85mn people—
ahead for European countries,” Allianz retail network throughout 2022, 70.1% were gasoline-
Trade, the credit insurer that changed its fuelled and 18% were diesel-fuelled. Hybrid
name from Euler Hermes last year, said. Serbian oil company NIS invested almost vehicles made up 8.5% of the registered
Higher corporate utility bills were RSD1.5bn (€12.8mn) in the modernisation cars, liquefied petroleum gas (LPG) cars 2%
contained last year as a result of long pass- and development of its retail network in and electric vehicles 1.4%.
through times from wholesale markets, as 2022, the company said in a press release on
well as government intervention efforts. January 27.
That helped dampen the impact of Russian The development and modernisation of Croatia’s Janaf, INA sign oil
cuts to energy supply. its retail network is one of NIS’s strategic
However, price hikes will strike corporate priorities. The company currently has more transport and storage contracts
profits across Europe by 1.0-1.5% this year, than 300 facilities in Serbia.
curbing investment. This loss of investment During the year, the company said it put Croatian oil pipeline operator Janaf said on
will amount to €25bn ($27bn) in Germany, into operation nine modernised NIS Petrol January 26 it has signed contracts with INA
Allianz Trade estimated. But German firms’ filling stations, of which six were renovated, oil refinery on oil transport and crude oil
finances are robust, and a state-introduced while three new stations were opened. storage.
price cap would help matters, the insurer “Modern retail business requires One of the contracts concerns the
said. adapting business activities to the latest transport of at least 1.6mn tonnes to up
Exporters also lost out on market shares market trends, which implies constant to 2.16mn tonnes of oil from the Omisalj
in sectors such as agrifood, machinery, investments in improving consumer service, terminal on the northern Adriatic island
electrical equipment, metal and transport. as well as investments in the infrastructure of Krk to the Rijeka Oil Refinery until 31
But the main beneficiaries were based in of facilities. In recent years, NIS has been December 2023.
Asia, Middle East and Africa, and not in the working intensively on the expansion and According to the second contract, which
US. modernisation of the gas station network, is until end-December 2025, Janaf would
The government’s one-off payments to which along with the constant improvement provide a storage capacity of 79,385 cubic
help households and small businesses cope of the offer and services aims to ensure that metres at the Omisalj terminal and 70,000
with high gas prices have cost €4.3bn so far. our consumers can at all times count on cubic metres at the Sisak terminal.
But up to €12bn has been earmarked for the maximum service and the best quality of Janaf has also signed oil transport
scheme, with many firms yet to apply for products available to them in our modern contracts with Serbia’s NIS and Hungary’s
the aid. The deadline for applications is the retail stores,” said Alexey Chernikov of NIS. MOL, as well as storage contracts with
end of February. the Agency for Hydrocarbons, MOL and
Litasco.
Average age of vehicles
Bulgargaz proposes 30% registered for Turkish roads 14.8 Italian PM Meloni travels to

decrease of natural gas price for years says TUIK Algeria to sign landmark gas

February The average age of the 26.5mn motor

Bulgaria’s state-owned gas supplier vehicles registered for road use in Turkey deal
Bulgargaz has proposed a 30% decrease was 14.8 years by the end of 2022, data from Italian Prime Minister Giorgia Meloni
of the price of natural gas for February, at the Turkish Statistical Institute (TUIK, or completed a two-day visit to Algeria on
around BGN130 (€66.5) per MWh without TurkStat) shows. January 24. This is her first official trip

P16 www. NEWSBASE .com Week 05 02•February•2023