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Gasmig announces investment of R$5,8 billion to expand Natural Gas distribution until 2034.

Written by Corporate
Published 25/06/2024 às 21:09
Natural Gas supply
Photo: https://agenciadenoticias.bndes.gov.br/blogdodesenvolvimento/detalhe/O-papel-do-gas-natural-na-contencao-do-aquecimento-global/
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Investment of R$5,8 billion to expand the supply of Natural Gas by Gasmig in MG, Central-West Project, sustainable, competitive and job-creating.

A Gasmig is committed to expanding its operations and improving the supply of natural gas in Minas Gerais. With an investment of R$5,8 billion, the company intends to modernize its distribution networks, ensuring a more efficient and sustainable service. This expansion project aims to meet the growing demand for natural gas in the State, boosting economic development and social status of the region.

A Minas Gerais Gas Company aims to expand its presence in several municipalities, bringing more opportunities and benefits to the local population. The distribution of natural gas is essential to boost industry, commerce and the residential market, contributing to the diversification of the energy matrix and the reduction of environmental impacts. With these investments, Gasmig reaffirms its commitment to sustainable development and job creation in Minas Gerais.

The importance of Gasmig in the distribution of natural gas

Piped natural gas represents yet another effort to offer a more qualified structure that can serve a wider range of industry and the population in general', highlights Gilberto Valle, president of Companhia Mineira de Gás, Gasmig.

FASHION – FREE MARKET

FASHION – FREE MARKET

According to the Annual Management Report, Gasmig reached, in 2023, important financial milestones, such as gross revenue of R$4,155 billion, net equity of R$1,305 billion and net profit of R$596,1 million. 'We have never had such a large investment in Gasmig as we are doing now.

Since 2013, when the pipelines of Sul de Minas and Vale do Aço, the annual average investment was R$50 million, and last year we reached R$300 million to enable the growth of this network', highlights the president of Gasmig.

Midwest Project: expansion of Gasmig’s gas pipeline network

One of the important milestones of Companhia Mineira de Gás is the completion of the 'Central-West Project', which aims to expand the gas pipeline network to the Central-West region of Minas Gerais, where approximately R$800 million will be invested, adding around 300 km additional gas pipelines to Gasmig's existing distribution network.

The process of environmental licensing It was completed at the end of 2023 and works began in March of this year, with an estimated duration of 24 months. The new network will pass through several cities until reaching Divinópolis, with a focus on minimizing environmental impacts and adopting safety measures. effective mitigations, as highlighted by Gilberto Valle.

The role of natural gas in the energy transition and sustainable development

As a piped natural gas distribution concessionaire, Gasmig provides miners with a energy source essential for the development and growth of the State. Natural gas is a competitive solution that favors the energy transition, being safer, more practical and sustainable.

In addition to contributing to the reduction of environmental impacts, natural gas improves competitiveness of local industries and contributes to the creation of new jobs. Currently, Gasmig serves 47 municipalities in 7 mesoregions of the State, promoting access to clean and efficient energy for the population and companies.

Source: © martim.barbosa.CONAPE@gasmig.com.br

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