Brazil opens gas market up [Gas in Transition]
May 3, 2021 1:00:pm
Summary Brazil’s new gas law will provide a better business environment for the gas industry, but more work is needed to create a competitive market. [Gas in Transition, Volume 1, Issue 1]
by: Brunno Braga
Brazilian President Jair Bolsonaro signed a new gas bill into law on April 9, following a decade of intense debate between the government and the gas industry over the legislation. The law is expected to cut through regulatory obstacles to development, attract new players and investment into the sector, spur competition and lead to lower gas prices in Latin America’s largest country.