Natural Gas – TAG Plans to Invest 1 Billion Reais by 2025, But Awaits Results of New Law

Written by Roberta Souza

Published on 14/12/2020 at 17:29

Gás natural

Seja o primeiro a reagir!

The President of TAG, Gustavo Labanca, Speaks About the Company’s Projections and Investments, With the Approval of the New Gas Law

TAG – Transportadora Associada de Gás S.A operates in the natural gas transportation segment through pipelines. The company already has the largest pipeline network in the country, with about 4,500 kilometers, responsible for nearly 50% of the total natural gas transportation network in the country, which is why it does not want to stop here and plans to invest 1 billion by 2025.

Check Out Other News:

The investment will focus on modernization, asset security, and business sustainability. With the approval of the “New Gas Law,” the company will have an important and fundamental role in gas distribution throughout Brazil.

Gustavo Labanca Answered Some Questions, Check It Out!

How Did You and TAG Face the Challenges of 2020, With the Pandemic Strongly Influencing the Brazilian Economy?

“The main objective of TAG since the beginning of the pandemic has been to preserve the health and safety of its employees and suppliers, adopting preventive and protective measures, such as the adoption of remote work for carrying out activities, and ensuring the continuity of its business, considering that gas is an essential input for Brazilian society. The pandemic did not bring significant impacts on the company’s economic-financial performance, given that the business model of the gas transportation sector involves high capital investments and long-term contracts, which ensures greater revenue predictability and stable cash flow. However, a global crisis always brings concern and generates effects for companies.

ARTICLE CONTINUES BELOW

Company’s Outlook and For You in 2021?

“We believe that the year 2021 should be one of economic recovery for the country, and for this reason, the company has been investing in its assets and the technical improvement of its workforce, in order to maintain its operational excellence and prepare the company for the growth opportunities that are emerging with the opening of the gas market in the country. TAG has an ambitious investment plan for the next five years, exceeding R$ 1 billion, focusing on modernization, integrity, and security of its assets, ensuring business sustainability and its long-term expansion.”

Recommendations and Suggestions You Would Make to the Government in This New Year About to Begin?

“We have the premise not to comment on political issues. We understand that the country has experienced recent advances, such as the approval of the Social Security Reform, the new legal framework for sanitation, and the New Gas Law in the Chamber of Deputies, now being processed in the Senate. Brazil needs legal certainty, respect for contracts, and a solid regulatory framework, with independent agencies so that private investors have an interest in making the large investments in infrastructure that the country so desperately needs.”

Natural Gas – TAG Plans to Invest 1 Billion Reais by 2025, But Awaits Results of New Law

The President of TAG, Gustavo Labanca, Speaks About the Company’s Projections and Investments, With the Approval of the New Gas Law

Check Out Other News:

Gustavo Labanca Answered Some Questions, Check It Out!

How Did You and TAG Face the Challenges of 2020, With the Pandemic Strongly Influencing the Brazilian Economy?

Company’s Outlook and For You in 2021?

Recommendations and Suggestions You Would Make to the Government in This New Year About to Begin?

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Milei’s government launches surprise police operations on the streets of Argentina to hunt undocumented immigrants, but the government’s own data reveals that only 4% were irregular. Critics say it is a copy of Trump’s policy without real necessity.

Mexico surprises the world by building the future largest solar plant in Latin America, advancing with planned expansion to over 1 GW, and boosting solar energy in the country.

Milei’s government launches surprise police operations on the streets of Argentina to hunt undocumented immigrants, but the government’s own data reveals that only 4% were irregular. Critics say it is a copy of Trump’s policy without real necessity.

Indonesia is the largest producer of tropical seaweed in the world, and this market is already worth billions of dollars, but 90% of the production goes directly to China as raw material. Now the country wants to change the game and process everything on its own.

Scientists use artificial intelligence to create nearly indestructible steel that does not rust and could change the way industrial energy and oil parts are produced.

This extremely contagious virus has already affected 90% of the population of Brazil and has no cure.

Electrolux surprises, closes colossal factory and lays off 400 people in a mass dismissal that will have a direct effect later this year, following a cost review, with an impact of R$ 272.5 million and R$ 109 million in cash in Chile.

Natural Gas – TAG Plans to Invest 1 Billion Reais by 2025, But Awaits Results of New Law

The President of TAG, Gustavo Labanca, Speaks About the Company’s Projections and Investments, With the Approval of the New Gas Law

Check Out Other News:

Gustavo Labanca Answered Some Questions, Check It Out!

How Did You and TAG Face the Challenges of 2020, With the Pandemic Strongly Influencing the Brazilian Economy?

Company’s Outlook and For You in 2021?

Recommendations and Suggestions You Would Make to the Government in This New Year About to Begin?

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Milei’s government launches surprise police operations on the streets of Argentina to hunt undocumented immigrants, but the government’s own data reveals that only 4% were irregular. Critics say it is a copy of Trump’s policy without real necessity.

Mexico surprises the world by building the future largest solar plant in Latin America, advancing with planned expansion to over 1 GW, and boosting solar energy in the country.

Electrolux surprises, closes colossal factory and lays off 400 people in a mass dismissal that will have a direct effect later this year, following a cost review, with an impact of R$ 272.5 million and R$ 109 million in cash in Chile.

The Lula government is pursuing re-election and is therefore preparing a package with discounts of up to 80% on debts, subsidies for diesel, gas for 15 million, and energy, after reaching 51% disapproval six months before the election.

The chamber approves a project that transforms plots of up to 2,000 square meters into official rural properties, allowing thousands of small producers who were invisible to the government to now access credit, tax exemptions, and technical assistance.

Factory 52, in the USA, cost over $5 billion, covers 270,000 square meters, and manufactures cutting-edge chips: it was named Project of the Year by the world’s largest engineering magazine, marking the global race for semiconductors.

While BYD lays off 100,000 in China due to falling profits, the factory in Brazil remains strong: the unit in Camaçari, Bahia, could generate up to 20,000 jobs and become an export hub for all of Latin America.

Milei’s government launches surprise police operations on the streets of Argentina to hunt undocumented immigrants, but the government’s own data reveals that only 4% were irregular. Critics say it is a copy of Trump’s policy without real necessity.

Indonesia is the largest producer of tropical seaweed in the world, and this market is already worth billions of dollars, but 90% of the production goes directly to China as raw material. Now the country wants to change the game and process everything on its own.

Scientists use artificial intelligence to create nearly indestructible steel that does not rust and could change the way industrial energy and oil parts are produced.

This extremely contagious virus has already affected 90% of the population of Brazil and has no cure.

Electrolux surprises, closes colossal factory and lays off 400 people in a mass dismissal that will have a direct effect later this year, following a cost review, with an impact of R$ 272.5 million and R$ 109 million in cash in Chile.