The subsidiary of Goldman Sachs, an organization that is based in the United States, society requested last May 27 the authorization to the Directorate General for Energy Policy and Mines, the Ministry of Industry and now must decide whether to give approval to the request.
In its report, the ‘super-regulator’ believes that the entry of a new competitor in the Spanish market for the sale of gas has a positive effect on competition, “the increase number of bidders. “
It also notes that the presence of a new marketer has no negative effects on the security of supply, nor on the separation of activities,” because the requirements of the Spanish regulation these effects are due to any trader operating in Spain “.
In its report, the CNMC aimed to investigate the reciprocity between the Spanish energy market and the US, as well as potential outcomes and on indirect marketing activity and security of supply in the Spanish market for the application of Goldman Sachs International.
In this regard, the body chaired by José María Marín Quemada indicates that there is reciprocity between regulation access to the networks of interstate transportation of gas US compared to European regulations and existing as gas trading other capital companies or registered in the United States without any constraint.
Goldman Sachs It is already present in the gas business in Spain through Redexis, company in which he integrated the assets of Endesa Gas acquired in 2010.
This year, Redexis closed the acquisition EPD of Gas Energy Distribution of Murcia, as well as other assets distribution of natural gas in Murcia, Extremadura, Madrid, Catalonia, Valencia and Castilla y Leon.
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