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Route 4 Will Increase Transportation Capacity and Gas Production in the Santos Basin Fields and Will Deliver Gas from the Pre-Salt to the Baixada Santista
Billions in investment in São Paulo through the pre-salt. Company of the Cosan Group, Compass Gas and Energy, will invest with strategic partners, US$ 2 billion (R$ 11.15 billion), in pipelines in the Santos Basin through Rota 4 Participações. Contractor that provided services for Petrobras works in Comperj file for bankruptcy, leaving 200 workers at a loss
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The Route 4 project is in the licensing phase, and the expectation is that the pipeline will begin operating between 2027 and 2028. It will take approximately four years to construct the structures.
Focusing on gas supply in the Southeast Region, where the largest market in the sector is concentrated in the country, Compass Gas and Energy seeks a minority stake in the project.
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Route 4 is divided into two parts: one called Route 4, which connects pre-salt production offshore to Praia Grande, with a pipeline 275 km long (four times the distance from Santos to São Paulo).
The other part is Route 4B, a pipeline with a length of 313 km, of which 294 km is in the sea and 19 km on land, connecting the pre-salt production hub at the Santos Basin to Ilha da Madeira, at the Port of Itaguaí, in Rio de Janeiro.
With a capacity to transport 21 million cubic meters of natural gas per day, Route 4 will increase transportation capacity and gas production in the pre-salt fields.
Although the Group does not mention jobs, according to the strategic planning consultant and professor in mineral exploration and natural gas and oil, Juarez Fontana dos Santos, the sector could become a chance for generating jobs and income for the Baixada Santista if properly leveraged.
A Tribuna reported that, in the view of the person responsible for the area of oil, gas, and biofuels at the São Paulo Department of Infrastructure and Environment, Ricardo Cantarani, it is essential for the private initiative to act in the Campos Basin region. For Professor Juarez Fontana, Petrobras’s participation should be minority in the coming years.
About the Company
Compass is the largest gas distributor in Brazil, with over 18,000 km of installed network and 2 million customers.
Its area of operation is divided into four segments: distribution of natural gas through Comgás, infrastructure and gas origination, accessing the pre-salt gas supply and importing LNG, gas trading and thermal gas generation, and electricity trading.
Last month, the company made its first IPO (Initial Public Offering). The move is precisely for potential acquisitions and investments in privatizations.
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