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Petrobras divestment streak continues
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Petrobras approves sale of its stake in Brazilian oil and gas cluster
naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.
Pipeline in the sunset (copyright by Shutterstock/Dabarti CGI)
State-owned Brazilian Petrobras, has gained government approval to sell its remaining 10% stake in the country’s natural gas pipeline operator, Nova Transportadora do Sudeste (NTS), for $337m (BRL1.8bn).
NTS owns and operates a 2,000 km pipeline network with capacity to transport around 158.2 million m³/d of natural gas. The NTS pipeline network operates in the south eastern states of Rio de Janeiro, Minas Gerai and São Paulo and connects to the Brasil-Bolivia pipeline, the TAG transportation network as well as to the Baía de Guanabara LNG regasification terminal and to natural gas processing plants.
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.
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