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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

Economy, Oil and Gas

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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

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

Two African countries will inaugurate in 4 days an 825-meter bridge suspended 90 meters high over a reservoir — it is the largest of three bridges of a megaproject that will supply millions of people.

A company that drilled for oil has drilled 4.8 kilometers of rock in Utah and found a never-ending heat of 290 degrees — now it is building the world’s first next-generation commercial geothermal power plant, with 100 MW connected to the grid in June 2026.

China has just successfully tested the world’s first ground effect maritime vehicle, a craft that flies up to 6 meters above the water at 200 km/h, uses quantum technology and 6G communication, and can rescue patients in the middle of the ocean.

Brazil raises the alarm over foreign fertilizers, imports more than 80% of its inputs, and sees costs putting pressure on the agricultural sector.

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