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CEO of Compagás highlights that the cost reduction with the agreement with Petrobras will make natural gas more competitive for the industry
Petrobras and Compagas recently announced the signing of new contracts for the supply of natural gas, valued at approximately R$6,4 billion. These agreements were established as a result of a public call made by the distributor from Paraná in the first quarter and will be effective from 2024 to 2034, according to the website Petronotícias.
Cost reduction for the industry
Rafael Lamastra Jr., CEO of Compagas, highlighted that the new contracts with Petrobras include a significant reduction, around 10%, in the cost of the gas molecule, scheduled to come into effect from January next year. This reduction will be reflected in tariffs, making natural gas more competitive for users, especially for industry. The executive stated: “With this reduction being transferred to the tariff, we will make natural gas more competitive for our users, especially for industry.”
In addition to cost reduction, Compagas also negotiated contractual conditions with Petrobras that diversify the indexes used. With these new agreements, approximately 20% of Compagas' supply portfolio will be indexed to the Henry Hub, a reference indicator in the US gas market.
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Lamastra explained, “While this is a groundbreaking initiative, we saw this as an opportunity to reduce contract volatility in the face of fluctuations caused by macroeconomic and political conditions.” The distributor added that the remaining part of its contract portfolio will continue to be indexed to Brent oil and the dollar.
Benefits for industry and local economy with Petrobras contract
These new contracts represent an important step towards making natural gas an even more attractive choice for industry and other consumers in Curitiba and region. By reducing costs and diversifying indexes, Compagas seeks to provide stability and competitiveness in an energy market in constant transformation.
The Paraná industry, which is essentialal for the local economy, it will be able to benefit from these changes, increasing its efficiency and competitiveness. In addition, these agreements can have a positive impact on the state's economy as a whole, as cost reductions can attract investment and boost economic growth.
Secure energy supply
Petrobras, as a reliable supplier of natural gas, will continue to play a key role in providing energy to the state of Paraná. These contracts reinforce the longstanding partnership between Petrobras and Compagas, ensuring a safe and efficient supply of natural gas to the region.
As the sectors industry and energy evolve, this initiative highlights the importance of contractual adaptations and innovations to meet the needs of consumers and the ever-changing economy.
