Event Addressed The Potential Of The Country’s First Private LNG Terminal And Decrees That Reduce ICMS On Natural Gas And CNG
On December 9th, the Sergipe Oil and Gas Forum was held in Aracaju-SE, an energy sector event promoted by CELSE (Sergipe Electric Power Plants S.A). The ceremony was attended by the government, public entities, companies, among other relevant agents for the socioeconomic development of the state. Also check that Bahia inaugurates the first and largest floating dyke in the Northeast.
During the occasion, the governor of SE, Belivaldo Chagas, announced that the State Gas Distributor (Sergas) is to be privatized. The Bill will be submitted to the Legislative Assembly of Sergipe (Alese) under the justification of the need for company expansion, given that in 25 years of operation, only seven municipalities receive piped gas.
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Also at the ceremony, Chagas signed the decree to reduce the Tax on Circulation of Goods and Services (ICMS) on CNG (Compressed Natural Gas) from 18% to 12%. This measure will take effect from March 2020 in an attempt to stimulate the increase of CNG consumption in Sergipe, in addition to contributing to pollutant reduction.
Expectations are that in the next decade, Brazil will have a significant supply of natural gas, considering that Sergipe already has the country’s first private LNG terminal today, part of the Sergipe Power Plant Complex, with a regasification capacity of 21 million m³ and a nominal storage capacity of 170 thousand m³ of liquefied natural gas.
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