Espírito Santo Gas Company — ES Gás Officially Began Operations This Monday

Petrobras Distribuidora Informed The Market On Monday Night That It Was Approved In The General Assembly For The Establishment Of The Espírito Santo Gas Company (ES Gás), A Mixed-Economy Company Between The State Of Espírito Santo And BR Distribuidora.

The New Company — ES Gás, Officially Started Operating On Monday With The Appointment Of Heber Resende As The Company’s President. At This Assembly Held On Monday, July 22, The Initial Social Capital Of The Company Was Approved, With Petrobras Distribuidora Holding 60.34% Of The Total Capital And 49% Of Common Shares.

ES Gás Will Only Assume The Services After The Signature Of The New Concession Contract. In The Meantime, Petrobras Distribuidora Will Continue Operating The Distribution Of Piped Natural Gas. The Capital Integration By The State Government And BR Will Take Place Within 12 Months. The Statute Was Also Approved At The Assembly, And The Members Of The Administrative And Fiscal Councils Were Elected.

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

The 25-Year Concession Contract That The State Government Will Sign With ES Gás, The New Distribution Company Of Espírito Santo, Should Be Ready In Two Months. The Proposal, According To Governor Renato Casagrande, Is To Have A Model Already Adapted To The New Gas Market, A Federal Government Program Announced This Tuesday, Aiming To Break Petrobras’ Monopoly.

“It Is Quite A Coincidence That ES Gás Is Being Created While Already Complying With The New Regulatory Framework While Several Other States Are Trying To Reverse Contracts”, Said The Governor.

Espírito Santo Is Preparing A Series Of Changes To Open The Gas Market And Place It In A Competitive Advantage Over Other Federations. ES Gás Will Contribute To Ensure That The State Is Ahead In Regulatory Points That Will Be Essential For Lowering Fuel Prices And Unlocking US$ 10 Billion In Investments, Approximately R$ 38 Billion.

One Of The Most Important Points Of The Regulation Is The Provision For Free Consumers, Entities That Use Large Volumes Of Gas In Their Industrial Parks And Will Have The Freedom To Build A Gas Pipeline To The ES Gás Network.

Another Important Detail Is That Users Of This Fuel Will Be Able To Negotiate The Acquisition Of The Input Directly With The Producer, Something That Was Prohibited By The Old System.

The Liquidation Of National Assets Continues To Accelerate; On Tuesday, July 23, Petrobras, Under The Command Of Roberto Castello Branco, Sold 35% Of BR Distribuidora For US$ 2.5 Billion, About R$ 9 Billion; With The Transaction, Petrobras Retained 37%, Thus Making BR Distribuidora A Private Company.

Check Below The New Gas Model