Investments – Bill Addressing New Regulatory Framework for the Gas Sector to Be Voted in the Senate This Thursday (10)

Written by Valdemar Medeiros

Published on 10/12/2020 at 12:08

Updated on 10/12/2020 at 12:18

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Bringing More Investments to the Brazilian Gas Industry, Senate Votes Today on the New Regulatory Framework for the Gas Sector, Extracted from the Agenda (PL4.476/2020)

The project presented, which is still pending a vote in the Senate aiming for more investments, concerns the new regulatory framework for the gas sector, extracted from the agenda (PL4.476/2020). From former Congressman Antônio CARLOS Mendes Thame, the text refers to the agenda for the remote session on Wednesday (9), however, its vote was postponed to today (10) Thursday, at the request of the report’s rapporteur, Senator Eduardo Braga (MDB-AM). According to him, more time is needed “to complete the report without compromising the evaluation of the proposed amendments.” At the time of closing this report, senators had already presented a total of 20 amendments to the gas sector project.

Investments in the Gas Sector Project That Will Still Be Voted on in the Senate Will Replace the Current Legal Model

This new set of regulations aimed at increasing investments will replace the current legislation on the subject, outlined in Law 11,909 of 2009. The investments in the project seek to replace the current legal model for the exploration and transportation of natural gas and for the construction of pipelines, changing the requirement from a bidding process (which the company would need to win) to a permission process (in which the company presents a project after a public call and awaits approval from the National Agency of Petroleum, Natural Gas and Biofuels – ANP).

The regulation to be voted on by the Senate for more investments also provides mechanisms for facilitating the deconcentration of the gas market, in which Petrobras currently dominates 100% of import and processing activities and about 80% of production.

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Investments – Bill Addressing New Regulatory Framework for the Gas Sector to Be Voted in the Senate This Thursday (10)

Bringing More Investments to the Brazilian Gas Industry, Senate Votes Today on the New Regulatory Framework for the Gas Sector, Extracted from the Agenda (PL4.476/2020)

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Investments – Bill Addressing New Regulatory Framework for the Gas Sector to Be Voted in the Senate This Thursday (10)

Bringing More Investments to the Brazilian Gas Industry, Senate Votes Today on the New Regulatory Framework for the Gas Sector, Extracted from the Agenda (PL4.476/2020)

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