Brazil Will Experience Investment Boom in Oil, Gas, Biofuels, and Electricity Sectors by 2030, Says the MME

Written by Fabio Lucas Carvalho

Published on 19/04/2021 at 09:50

Updated on 27/04/2021 at 19:07

Marcello Casal Jr./Agência Brasil

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Brazil Will Invest Billions Annually In The Next Ten Years In The Areas Of Biofuels, Gas, Oil And Electric.

The energy sector in Brazil will be the major leader of investments in the coming years. The one who provided more data on the subject was the minister of MME (Mines and Energy), Bento Albuquerque. He gave a long interview to Brazil In Focus, from TV Brasil, in which he highlighted that the gas, oil, biofuels, and electric sectors will gain billions, annually, in investments until the year 2030.

The minister highlighted that the energy sector will be the main target of annual investments throughout the decade, which is just beginning. Investments could easily exceed R$ 3 trillion by 2030, generating jobs and increasing competitiveness in the gas, oil, biofuels, and electric sectors.

”The Largest Investment Made In The Country Has Been In The Energy Sector, Whether In Oil, Gas And Biofuels Or In The Electric Sector. These Are Billion-Dollar Investments – In The Next Ten Years, We Should Have Investments On The Order Of R$ 3 Trillion, And This Has Been Occurring Year After Year”, Declared The Minister Of MME.

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Brazil Attracts Investments For Diverse Factors, Explains The Minister

The Minister Of MME Also Highlighted That This Quantity Of Investments In The Energy Sector Occurs Because The Country Has Some Very Important Factors For Investors, Such As: Legal Security And Diversity Of Energy Sources. Bento Albuquerque Highlighted That Only In 2021 Will There Be Six Auctions In Gas, Oil, And Electric.

A Global Example In Renewable Energy

Albuquerque Also Highlighted That 83% Of All Energy In Brazil Is Renewable. In Comparison With First World Countries, These Figures Do Not Exceed 25%. The Minister Of MME Reaffirmed Brazil’s Fundamental Role In The Field Of Renewable Energy Worldwide. Brazil Is Seen As A Global Reference On The Topic, Being Invited By The UN To Lead A Group Of Countries In The Energy Transition. The Country Will Present Its Work In The Area At The UN General Assembly In September.

The Government Is Working To Privatize Ports, Airports, Railroads, And Oil And Gas Exploration Areas. In Addition, It Has Been Preparing The Auction Of The Potiguar Basin, Located In Fernando De Noronha. The ANP Is Expected To Hold The Oil And Gas Exploration Auction In The Area, Generating Even More Investments In The Sector In Brazil. However, This Project Is Very Controversial. Deputy Túlio Gadêlha, From The PDT, Filed A Lawsuit In The STF To Try To Block The Auctions To Be Held.

Brazil Will Experience Investment Boom in Oil, Gas, Biofuels, and Electricity Sectors by 2030, Says the MME

Brazil Will Invest Billions Annually In The Next Ten Years In The Areas Of Biofuels, Gas, Oil And Electric.

Brazil Attracts Investments For Diverse Factors, Explains The Minister

A Global Example In Renewable Energy

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Brazil Will Experience Investment Boom in Oil, Gas, Biofuels, and Electricity Sectors by 2030, Says the MME

Brazil Will Invest Billions Annually In The Next Ten Years In The Areas Of Biofuels, Gas, Oil And Electric.

Brazil Attracts Investments For Diverse Factors, Explains The Minister

A Global Example In Renewable Energy

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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