Corporación de Reservas
Estratégicas
de Productos Petrolíferos

Public Law Corporation
under the aegis of the
Ministry for the
Ecological Transition

LPG

The entities obliged to maintain minimum security stocks of liquid petroleum gases (LPG) assume various obligations to CORES as of the start date corresponding to the Statement of Compliance approved by the Ministry for the Ecological Transition. The commencement date can be delayed as long as a justified request to do so is made to the Ministry and it receives its approval.

 

 

Obligation to maintain minimum security stocks

The obligated entities must hold 20 days of eligible sales or consumption at all times. 

For the first 15 months of the entity’s activity, the eligible sales are substituted by an annual sales forecast approved by the Ministry for the Ecological Transition.

Obligation to pay the fee

All entities obliged to maintain stocks are compelled to financially support CORES activities, paying annual contributions (fees) based on their sales or consumption. The obligated stockholding entities must submit an annual sales report and the corresponding payment, by means of self-assessment, in accordance with the sales of the year prior to the year the report is being made.

Obligation to send in periodic information

The entities obligated to maintain minimum security stocks of LPG must send in the following information to CORES using the infoCores platform:

  • Before the 20th of each month, the monthly forms corresponding to the 29 May 2007 Resolution of the Directorate-General of Energy and Mining Policy
  • Before 20 January, the annual sales report
  • Before 31 May, the annual sales audit corresponding to the previous year
  • Information on leases of minimum security stocks before their commencement

In addition to the obligated entities, storage facility owners and lessors are obliged to send in the following information to CORES, making it possible to verify the data submitted by the obligated entities:  

  • Monthly forms corresponding to the 29 May 2007 Resolution of the Directorate-General of Energy and Mining Policy

Additionally, other subjects, that without being obliged, do maintain oil stocks because of their activity or in favor of foreign subjects, are also required to submit information.

All forms are available on the calendar of obligations.

InfoCores is the secure information exchange platform that CORES has designed to ensure security and facilitate management of the information submitted by all the entities obliged to do so. Access to infoCores requires the digital signature corresponding to the company representative having the appropriate authorisation, which will be verified, in order to present the documentation to CORES. One entity can register various representatives.

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