Copergás, whose shareholders are the government of Pernambuco, Petrobras and Mitsui, will contribute to a series of natural gas projects

Companhia Pernambucana de Gás (Copergás) announced that it has plans to invest BRL 370,4 million in the state of Pernambuco in the period 2021-2025. The contribution to be made by Copergás is part of its ELP (Long-Term Strategy) plan, where the application of the company's resources, which has the state government, Petrobras and Mitsui as shareholders, will be allocated to a series of projects that meet the needs of expanding the distribution network to the interior and Metropolitan Region.

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Investments made by Copergás in Pernambuco

A Pernambuco Company de Gas predicts that the contributions to be made will be R$66,8 million this year, R$71,5 million next year, R$73,83 million in 2023, R$77,63 million in 2024 and R$80,64 million in 2025, totaling R$370,4 million in the state of Pernambuco.

Among the works of the company that has Petrobras as shareholder, are the completion of the Camaragibe-Carpina gas pipeline, the expansion in Caruaru and the pioneering project in the North-Northeast in Petrolina and Garanhuns, located in the Sertão and Agreste regions of the state, respectively. The two municipalities mentioned last will be served through the local network, with the transport of liquefied natural gas (LNG) via road transport.

The investments to be made by Companhia de Gás do Estado de Pernambuco also include increasing the number of customers in the residential, commercial, industrial and vehicular segments. According to André Campos, president of Copergás, a company that also has Petrobras as a partner, it is prepared for the future challenges of the natural gas market, maintaining its commitment to act for the benefit of the development of the state of Pernambuco.

Billing and increase in the number of customers of the Gas Company of the state of Pernambuco

Last year, Companhia de Gás of the state of Pernambuco obtained a net profit of R$ 75,8 million and revenues of R$ 1,39 billion; the investment in 2020 was BRL 56 million, a volume 51% higher than that registered in 2019. Copergás' gas pipeline network had a magnification of 88,14 km, an increase of 124% when compared to the average of the last 5 years. In total, the network reached the end of 2020 with 932 km in length, and the goal is to build another 117 km this year.

Another factor that stood out in 2020 was the growth in the number of customers, which rose from 44.672 in 2019 to 52.244 in 2020 (an increase of 17%). In the industrial segment (which accounts for the highest consumption of natural gas in Pernambuco), ten new industries were incorporated into Copergás' distribution network. Until then, the largest number of industries connected to Copergás in the year was six, in 2010.

about the company: Copergás is a company from Pernambuco founded in 1992 that was established under a mixed economy system, having the State government de Pernambuco as its majority shareholder, with 51% of the common shares, Gaspetro (a subsidiary of Petrobras) and Mitsui Gás e Energia do Brasil Ltda, each with 24,5% of the shares.