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Gasmig Announces BRL 5.8 Billion Investment to Expand Natural Gas Distribution by 2034.

Written by Corporativo
Published on 25/06/2024 at 21:09
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Foto: 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 for Expansion of Natural Gas Supply by Gasmig in MG, Midwest Project, Sustainable, Competitive, and Job-Creating.

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 and social development in the region.

The 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 for boosting industry, commerce, and the residential market, contributing to the diversification of the energy matrix and reducing 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

Natural gas pipeline represents another effort to offer a more qualified structure that can serve a wider range of industry and the general population,’ highlights Gilberto Valle, president of the Minas Gerais Gas Company, Gasmig.

According to the Annual Management Report, Gasmig achieved important financial milestones in 2023, 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 an investment as large in Gasmig as we are making now.

Since 2013, when the pipelines of South Minas and Vale do Aço were completed, the annual average investment was R$50 million, and last year we reached R$300 million to enable the growth of this network,’ emphasizes Gasmig’s president.

Midwest Project: Expansion of Gasmig’s Pipeline Network

One of the significant milestones for the Minas Gerais Gas Company is the realization of the ‘Midwest Project’, which aims to expand the pipeline network to the Central-West region of Minas, where approximately R$800 million will be invested, adding about 300 km of additional pipelines to Gasmig’s existing distribution network.

The environmental licensing process was completed at the end of 2023, and construction began in March of this year, with an estimated duration of 24 months. The new network will pass through several cities until it reaches Divinópolis, focusing on minimizing environmental impacts and adopting effective mitigation measures, as highlighted by Gilberto Valle.

The Role of Natural Gas in the Energy Transition and Sustainable Development

As a concessionaire for the distribution of natural gas pipelines, Gasmig provides Minas Gerais residents with an essential energy source 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 reducing environmental impacts, natural gas enhances the competitiveness of local industries and aids in job creation. Currently, Gasmig serves 47 municipalities across 7 mesoregions of the State, promoting access to clean and efficient energy for the population and businesses.

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

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