Government Approves Natural Gas Market Competition Committee in Brazil

Written by Paulo Nogueira

Published on 11/04/2019 at 08:21

Updated on 11/04/2019 at 08:26

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The National Energy Policy Council (CNPE) Announced the Approval of the Resolution Establishing the Gas Market Competition Promotion Committee in Brazil.

The National Energy Policy Council approved on Tuesday, April 9, the resolution that creates the Gas Market Competition Promotion Committee in Brazil. The New Gas Market, the name given by the government to the former Gas for Growth, aims to promote market opening to ensure free access to the existing pipeline network in the country, which is 60% idle, according to the Ministry of Mines and Energy.

The “New Gas Market” is a program coordinated by the Ministry of Mines and Energy, developed in conjunction with the Ministry of Economy, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the Administrative Council for Economic Defense (CADE), and the Energy Research Company (EPE) for the formation of an open, dynamic, and competitive natural gas market.

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Onerous Assignment

The CNPE also approved the draft of the Addendum resulting from the agreement with Petrobras regarding the review of the onerous assignment contract. The agreement will allow the auction of the volume exceeding 5 million barrels of oil provided for in the contract, involving reimbursement to the state-owned company of US$ 9.058 billion. The auction is scheduled for October 28.

“The high availability of excess volumes of oil and natural gas in the Onerous Assignment area and the high productivity of the Pre-Salt fields have drawn great interest from major oil companies worldwide, in addition to placing the Country among the five largest oil producers in the world,” informed the MME

The renegotiation of the Onerous Assignment contract has been dragging on since 2013. The CNPE will meet again on April 17 to discuss details of the sale. The government expects to raise at least R$ 100 billion in the auction.

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Government Approves Natural Gas Market Competition Committee in Brazil

The National Energy Policy Council (CNPE) Announced the Approval of the Resolution Establishing the Gas Market Competition Promotion Committee in Brazil.

Onerous Assignment

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Government Approves Natural Gas Market Competition Committee in Brazil

The National Energy Policy Council (CNPE) Announced the Approval of the Resolution Establishing the Gas Market Competition Promotion Committee in Brazil.

Onerous Assignment

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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