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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.
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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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The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
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Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
The ANP will monitor the market to stimulate investments and competitiveness, using measures such as compulsory assignment of transportation capacity, marketing and processing of production; sales obligation in auctions for part of the marketing volumes held by companies with high market shares; and restrictions on the sale of natural gas between companies in the same production areas.
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