After Being Released by the Supreme Federal Court (STF), Petrobras Completes Sale of TAG

Written by Paulo Nogueira

Published on 13/06/2019 at 19:58

Updated on 13/06/2019 at 20:04

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As Soon As Authorized By The STF, Petrobras Finally Completed The Sale Of Its Gas Pipeline Network To ENGIE And CDPQ

Petrobras Completed On Thursday (6/13) The Sale Of 90% Of Its Stake In Transportadora Associada De Gás S.A. (“TAG”) To The Group Formed By ENGIE And The Canadian Fund Caisse De Dépôt Et Placement Du Québec (CDPQ). The Closure Of The Transaction Occurred With The Total Payment Of R$ 33.5 Billion To Petrobras, With Approximately R$ 2 Billion Destined For The Settlement Of TAG’s Debt With BNDES.

“Petrobras Will Continue To Use The Natural Gas Transportation Services Provided By TAG, Through The Existing Contracts Between The Two Companies, Without Any Impact On Its Operations And The Delivery Of Natural Gas To Its Customers.”

ARTICLE CONTINUES BELOW

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

Check Below The Companies Petrobras May Sell

Petrobras Distribuidora
Petrobras Biocombustível
Liquigás
Breitener Energética, UTEs
Logum Logística SA
Petrobras Logística De Gás S.A. And TBG

Source: Petrobras

After Being Released by the Supreme Federal Court (STF), Petrobras Completes Sale of TAG

As Soon As Authorized By The STF, Petrobras Finally Completed The Sale Of Its Gas Pipeline Network To ENGIE And CDPQ

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

Check Below The Companies Petrobras May Sell

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