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Partnership between Petrobras and CSN strengthens free natural gas market in Brazil

Written by Paulo Nogueira
Published 03/09/2024 às 08:35
PETROBRAS AND CSN NATURAL GAS PLANT

Learn how the new contract between Petrobras and CSN strengthens the free natural gas market in Brazil, highlighting CSN as an industrial leader in the sector. Understand the impacts of this partnership on the energy transition.

Companhia Siderúrgica Nacional (CSN) and Petrobras have signed a new strategic agreement that highlights CSN as the largest industrial consumer of natural gas in Brazil’s free market. The contract, which aims to supply natural gas to the Presidente Vargas plant in Volta Redonda (RJ), marks a significant advance in the company’s flexibility and energy efficiency. See also: What now, Petrobras? Oil companies from abroad are expected to land in Brazil with an investment of more than R$18 BILLION in search of oil

With this new partnership, CSN not only acquired the natural gas molecule, but also secured control over the transportation of the input, which gives the company greater independence in its operations. This strategic move allows CSN to optimize its industrial processes more efficiently, reducing costs and increasing its competitiveness in the market.

Collaboration focused on energy transition

Petrobras, in a statement, emphasized that the collaboration with CSN is in line with the energy transition guidelines adopted by both companies. The goal is to continually seek new ways to optimize the use of natural gas in industrial processes, contributing to the reduction of carbon emissions and promoting environmental sustainability.

Petrobras has been consolidating its position in the natural gas market by signing and amending several contracts. In the second quarter of this year alone, the state-owned company signed agreements to supply approximately 940 cubic meters of natural gas per day, reinforcing its crucial role in the energy supply in Brazil.

Impacts on the future of the natural gas market

CSN's migration to the free market is an indication that large Brazilian industries are seeking greater autonomy and energy efficiency. This movement may inspire other companies to follow the same path, boosting the development of the free natural gas market and contributing to the energy transition in the country.

The contract signed between Petrobras and CSN represents an important milestone not only for the two companies, but also for the Brazilian energy sector as a whole. CSN's ability to operate more autonomously and the continued expansion of its Petrobras in the natural gas market are clear examples of how the transition to the free market can bring significant benefits to the national industry. To follow the companies' financial results and performance indicators, visit the Valor Empresas 360 portal.

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Paulo Nogueira

With a technical background, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.

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