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Santo Domingo.- Natural gas’ pluses as cheaper and easy financing for the equipment have evaporated just during the last 12 months, as uncertainty begins to take its toll on many users including industries.
The jumps however don’t affect electricity generation, whose earnings easily surpass US$200 million per year.
Industry and Commerce Ministry figures show natural gas’ price starting October 2009 at RD$18.09 per cubic meter, to RD$29 this week, a RD$10.91 jump, or 60.31%. Despite not being a petroleum derivative it’s is the fuel which has risen the most in the last two years.
A gallon of propane gas, derived from oil, equals 2.36 cubic meters of natural gas. This means that when the cubic meter of natural gas cost RD$18.09, equal to RD$42.69 if converted to the cost of a gallon of propane.
Though many motorists were “hooked” into paying to convert to natural gas on its relatively cheap price, the attitude has become skeptical, especially on the fact that AES Dominicana is the only major supplier for the local market.
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Another ill thought, poorly planned PLD adventure reminiscent of the USELESS METRO!
Damn, transparent corruption..
Only Dominican could f...up such a money maker. GREED.
Supply and Demand, eh?
And it will keep going up in price as available supply goes scarcer. ..A slap-in-the-face, wake-up call to our nation and the world that we must begin/expand producing our own Methane, (same as natural gas), and avoid the volatile markets which will surely ruin our economic progress.
I plan to generate my own gas with a very low-tech and efficient contraction, set up in my finca.
All that's needed is garbage and a hole in the ground. No fuss, no muss.