Faced with the accusations that it considers slanderous and made by Guinée Gaz on the establishment of a retro commission on the trader margin, GEOGAS provides elements of clarification.
Incriminating the site Mosaiqueguinee.com does not take into account the bonus of 175 dollars (per metric ton of imported butane gas) granted by the defendant to the supplier GeoGas instead of 120 dollars granted by the State by joint decree AC/ 2021/1326/MH/MEF/SGG signed by the Minister in charge of hydrocarbons and the Minister of Finance dated June 3, 2021, difference which must raise questions about the opacity of the management of the fund. », the general director of this trading company did not step aside to respond to these accusations from Guinée Gaz.
According to Antoine Gudefin, Managing Director of this company, “there is indeed a difference in premium between deliveries made to Guinée Gaz and those made to FAPGAZ, but this difference exists because the delivery terms are different:
- Guinée Gaz has a forward contract over several years while the FAPGAZ contract is annual.
- The size of the batches taken by Guinée Gaz (from 500 to 1000 tonnes) is larger than that of FAPGAZ (400 tonnes)
- Vessel layover time is less important for Guinée Gaz (24 hours) than for FAPGAZ (72 hours)
- The payment terms granted to Guinée Gaz are shorter (90 days) than those granted to FAPGAZ (110 days)
For all these reasons, Guinée Gaz’s premium amounts to 145 USD/MT while that of FAPGAZ amounts to 165 USD/MT (to which is added 10 USD/MT for the use of the equipment “Ship-to-Truck” in which GEOGAS ENTREPRISE and YAGAZ had invested, which brings the FAPGAZ premium to 175 USD/MT). Guinea Gaz’s defamatory allusions to “opaque management” are therefore completely unfounded. “, clarified Geo Gas company.
Belgium
