With The End Of The Contract With Petrobras, Compass And Potiguar E&P Compete For Gas Supply In Rio Grande do Norte

Written by Flavia Marinho

Published on 13/04/2021 at 09:23

Unidade de gás natural / Fonte: Reprodução Google

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End of Contract with Petrobras in January 2022 Creates Dispute Between Compass and Potiguar E&P for Gas Supply in Rio Grande do Norte

In Rio Grande do Norte, the gas distributor Potigás has qualified the companies Compass and Potiguar E&P for the proposal negotiation phase of the Coordinated Public Call for Natural Gas Acquisition. Among the various suppliers registered for the selection, the two met the requirements of the announcement and presented the best proposals.

End of Contract with Petrobras Creates Dispute Between Compass and Potiguar E&P for Gas Supply in Rio Grande do Norte

The current contracts with Petrobras will end in January 2022, requiring the establishment of new agreements, the distributor reported.

Compass is a gas trading subsidiary and energy generation from the Cosan group, which controls Comgás (SP), the largest distributor in the country.

Potiguar E&P, from PetroRecônvaco, operates fields in the Potiguar Basin and estimates that starting from the acquisition of producing assets from Petrobras, it will be possible to increase local gas supply by up to 300,000 m³/day. It depends on access to infrastructure.

Potigás has a 450 km network, serving over 29,000 customers in Greater Natal and Mossoró. It anticipates purchasing up to 236,000 m³/day of gas in a single contract batch.

Ethanol and Gasoline Prices Skyrocket, Petrobras Increases CNG by 39%, and Readjustment May Further Impact Brazilians’ Wallets in the Coming Weeks

Last Monday (5), Petrobras announced a 39% increase in the sale prices of Compressed Natural Gas for distributors. Starting in May, CNG, the main option for drivers who travel many kilometers a day and avoid rising gasoline and ethanol prices, will also impact Brazilians’ wallets; however, even with the adjustment, refueling with Natural Gas will remain advantageous, Copergás claims.

Unlike prices for gasoline, diesel, and GLP (used in gas tanks and kitchens), vehicular gas is adjusted quarterly. The increase in reais per cubic meter will take effect on May 1 and the price will be maintained until the end of July.

Federal Government Approves New Gas Law, Ending Petrobras Monopoly

President Jair Bolsonaro sanctioned the Gas Law this Thursday (8). This law, which is a new gas framework, provides for changes in the natural gas market rules. Following approval, this new law has been one of the federal government’s main plans. Since 2019, the federal government has announced a program to break Petrobras’s monopoly and unlock investments.

Brazil Will Have More Room for Competition, and Gas Prices Should Drop; OnCorp Anticipates R$ 500 Million Investment in LNG

Petrobras recently announced a 39% increase in natural gas prices. As expected, the news was not well received by the Brazilian industry, and solutions to these problems are being sought. Shell was the winner of the public call and will supply domestic natural gas to Copergás next year and throughout 2023.

The Brazilian holding company OnCorp, which has shareholders from the USA, has secured a partnership with Shell to try to associate with LNG. In addition, it is responsible for the chartering of the FSRU regasification vessel for Liquefied Natural Gas, the terminal, and also for the commercialization of Liquefied Natural Gas with other clients.

The LNG will come from the United States, Trinidad and Tobago, and South Africa. The gaseous natural gas, which will be marketed with Copergás , will come from Rio, sourced from Shell’s portfolio, says João Mattos, director of OnCorp and Ongás. OnCorp will invest over R$ 500 million, of which R$ 160 million will be spent on infrastructure and the terminal. João Mattos also emphasized that LNG should bring benefits to the State, such as generating more efficiency for the industry and economy.

With The End Of The Contract With Petrobras, Compass And Potiguar E&P Compete For Gas Supply In Rio Grande do Norte

End of Contract with Petrobras in January 2022 Creates Dispute Between Compass and Potiguar E&P for Gas Supply in Rio Grande do Norte

See Also

End of Contract with Petrobras Creates Dispute Between Compass and Potiguar E&P for Gas Supply in Rio Grande do Norte

Ethanol and Gasoline Prices Skyrocket, Petrobras Increases CNG by 39%, and Readjustment May Further Impact Brazilians’ Wallets in the Coming Weeks

Federal Government Approves New Gas Law, Ending Petrobras Monopoly

Brazil Will Have More Room for Competition, and Gas Prices Should Drop; OnCorp Anticipates R$ 500 Million Investment in LNG

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With The End Of The Contract With Petrobras, Compass And Potiguar E&P Compete For Gas Supply In Rio Grande do Norte

End of Contract with Petrobras in January 2022 Creates Dispute Between Compass and Potiguar E&P for Gas Supply in Rio Grande do Norte

See Also

End of Contract with Petrobras Creates Dispute Between Compass and Potiguar E&P for Gas Supply in Rio Grande do Norte

Ethanol and Gasoline Prices Skyrocket, Petrobras Increases CNG by 39%, and Readjustment May Further Impact Brazilians’ Wallets in the Coming Weeks

Federal Government Approves New Gas Law, Ending Petrobras Monopoly

Brazil Will Have More Room for Competition, and Gas Prices Should Drop; OnCorp Anticipates R$ 500 Million Investment in LNG

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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