Equinor CEO warns at Gas Week that 12% export tax compromises gas projects in Brazil

Written by Douglas Avila

Published on 28/04/2026 at 22:54

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Equinor Brazil CEO says at Gas Week 2026 that 12% export tax has a direct impact on the viability of natural gas projects in the country

Equinor Brazil CEO, Veronica Coelho, warned this Monday, April 28, 2026, that the export tax on crude oil directly affects the economic viability of natural gas projects in Brazil — and not just oil projects, according to a report by Eixos.

The statement was made during Gas Week 2026, an event held in Brasília on April 28 and 29.

Tax burden reaches 27% of gross revenue

According to Coelho, when the 12% export tax is added to royalties and other taxes, the government takes up to 27% of a project’s gross revenue.

ARTICLE CONTINUES BELOW

Raia Project: US$ 9 billion and 50% completed

Equinor is the operator of the Raia Project (formerly BM-C-33), one of the largest natural gas projects under development in Brazil.

The total investment is US$ 9 billion, and the work is 50% completed.

Brazil is Equinor’s largest investment destination outside Norway.

For the company, tax predictability is essential to maintain the schedule and attract new investments to the gas sector.

Gas Week 2026 brings together key executives from the sector

Gas Week 2026 is the largest C-Level gathering in Brazil’s natural gas market.

The event brings together CEOs and executives from major operators, representatives from regulatory bodies such as ANP and ANEEL, as well as consultancies and investment banks.

Key topics include gas market regulation, biomethane, Latin American energy integration, and new commercialization models.

Coelho’s statement reinforces the debate on Brazil’s competitiveness as an investment destination in the gas sector, especially at a time when the country seeks to expand domestic supply to reduce dependence on LNG imports.

Equinor CEO warns at Gas Week that 12% export tax compromises gas projects in Brazil

Equinor Brazil CEO says at Gas Week 2026 that 12% export tax has a direct impact on the viability of natural gas projects in the country

Tax burden reaches 27% of gross revenue

Raia Project: US$ 9 billion and 50% completed

Gas Week 2026 brings together key executives from the sector

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Equinor CEO warns at Gas Week that 12% export tax compromises gas projects in Brazil

Equinor Brazil CEO says at Gas Week 2026 that 12% export tax has a direct impact on the viability of natural gas projects in the country

Tax burden reaches 27% of gross revenue

Raia Project: US$ 9 billion and 50% completed

Gas Week 2026 brings together key executives from the sector

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

In Niger, mud buildings have stood for ten generations while the world spends billions on concrete and steel, now African architects are proving at the Venice Biennale and in real projects that red earth can be the smartest and most sustainable building material of the 21st century.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

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