Petrobras Raises Natural Gas Price for Distributors by 33%

Written by Flavia Marinho

Published on 04/11/2020 at 11:57

Aumento foi de 33% em relação ao mês de agosto. Segundo a Petrobras, apesar do reajuste, preços do gás natural ainda acumulam redução de 13% no ano

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Increase Was 33% Compared to August. According to Petrobras, Despite the Adjustment, Natural Gas Prices Still Accumulate a 13% Decrease for the Year

Petrobras informs that it increased on last Sunday (11/01), by 26%, the sale prices of natural gas to distributors with contracts starting in January 2020. Many Offshore Jobs Ahead: Petrobras Awards Maintenance Contract for 11 Platforms to Engeman, which Holds an Operations Base in Macaé to Serve the Campos Basin

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Despite the adjustment made by Petrobras being 26% in US$/MMBtu compared to the price of gas in August 2020. When measured in R$/m3, the increase is 33%.

Petrobras stated in a communication sent to the Securities and Exchange Commission (CVM) that the increases occurred according to parameters negotiated in contractual formulas, due to variations in the prices of Brent oil and the Real/Dollar exchange rate in the last quarter.

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Consumer’s Pocket

According to Petrobras, the final price of natural gas to consumers is not determined solely by the cost of the gas molecule and transportation, but also by the margins of distributors and federal and state taxes. Furthermore, the approval process of tariffs is conducted by state regulatory agencies, according to specific legislation and regulations.

“Sale contracts for distributors are public and available for consultation on the website of the National Agency of Petroleum, Natural Gas and Biofuels (ANP)”, it adds.

Petrobras Raises Natural Gas Price for Distributors by 33%

Increase Was 33% Compared to August. According to Petrobras, Despite the Adjustment, Natural Gas Prices Still Accumulate a 13% Decrease for the Year

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Increase Was 33% Compared to August. According to Petrobras, Despite the Adjustment, Natural Gas Prices Still Accumulate a 13% Decrease for the Year

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