Corporación de Reservas
Estratégicas
de Productos Petrolíferos

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

Control of stocks

One of CORES’s activities consists of monitoring compliance with the obligation to maintain minimum security stocks of natural gas. The procedures that guide this inspection activity are included in the Inspection Manual that is available to the obligated entities.

Control of minimum security stocks

Cores Inspection area is facing new challenges to adapt to the new environment characterised by a growing number of obligated entities with a significant increase in the casuistry and the variety of their operations. Likewise, an adaptation and progressive renewal is required, determined by the frequency increase of inspections and reduction of their execution times, in order to discriminate, in the shortest time possible, those entities who fail to comply with their obligations and/or with allegedly fraudulent activities.

To face these challenges, Cores has the Inspection Division in its organizational structure, with the knowledge and internal experience of the Corporation, whilst developments are being made to adapt the inspection activity to all new technologies.

Documentary checks are made, based on the analysis of the information that the obligated entity has to send in to CORES (periodic information and information requested for this purpose).

These controls are either done in accordance with an annual plan that covers all of the obligated entities in the sector or may be conducted if noncompliance by an obligated entity is detected. 

Noncompliance includes the following: 

  • Noncompliance in the maintenance of minimum security stocks
  • Noncompliance in the payment of the annual CORES fee
  • Noncompliance in the submission of mandatory information

A case file is opened upon detection of any noncompliance. If the offence is confirmed, the information is forwarded to the competent administrative authority. These incidents of noncompliance are considered serious offences under Law 34/1998.

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