Petrobras Distribuidora Negotiates Purchase of 50% of Golar Power to Establish Partnership in the Natural Gas Market – LNG

Golar Power Does Not Intend to Buy Natural Gas from Petrobras and the State-Owned Company Has Already Signaled That It Intends to Fully Exit the Capital of BR Distribuidora.

Despite Petrobras’ plan to liquidate its remaining 37.5% stake in BR Distribuidora, the company may acquire 50% of Golar Power as part of the partnership that BR is negotiating with Golar to operate in liquefied natural gas (LNG) distribution. Government Vetoes Brasduto – Gas Pipeline Expansion Fund That Would Be Funded with Pre-Salt Resources

Read Also

• Job Openings to Work at the Brazilian Company for Metallurgy and Mining, the Global Supplier in Niobium Production CBMM
• 4500 Job Openings for RJ Opened by SENAI! More Than 20 Free Online Courses for the Industry Area
• One Subsea Opens in Macaé Positions for Candidates Without Experience with Immediate Availability in Its Internship Program in the Oil and Gas Industry
• Petrobras Breaks Fuel Price Hike; Gasoline and Diesel Became Cheaper in Refineries Starting Yesterday

The information is included in a document sent by representatives of the two companies to the Administrative Council for Economic Defense (Cade).

According to the document, Petrobras Distribuidora has the option to buy 50% of the shares of Golar Distribuidora, which intends to enter the liquefied natural gas (LNG) distribution market in Brazil.

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

The parties submitted a response last week to inquiries from Cade regarding the risks of a potential coordination between GásLocal (partnership of White Martins and Petrobras for LNG distribution) and Golar Distribuidora (BR/Golar), given that Petrobras will have direct/indirect participation in both LNG companies.

BR and Golar argue, among other points, that Golar Distribuidora does not intend to buy natural gas from Petrobras and that the state-owned company has already signaled that it intends to fully exit the capital of BR Distribuidora.

Still, today, according to the parties, the oil company, while a shareholder of BR with a 37.5% stake, would hold an indirect ownership stake in Golar Distribuidora of at most 18.75%, without control over activities.

Petrobras Refinery Revap Breaks Record for Cooking Gas Sales and Production of Diesel S-10

The Henrique Lage Refinery of Petrobras broke two records in August! Revap surpassed for the third time this year the commercialization of LPG (cooking gas) and for the third consecutive month managed to exceed the production of Diesel S-10. The state-owned unit is located in São José dos Campos – São Paulo.

According to a statement made by Petrobras yesterday (09/10), the Revap refinery sold 80,204 tons in August, equivalent to 6.16 million canisters, compared to 75,730 tons from the previous record set in June, representing an increase of 5.9%. The first record of the year was achieved in May with 71,115 tons.

For the third consecutive month, Petrobras achieved a new production record for low-sulfur diesel (S-10). The state-owned refineries produced 1.84 million m³ of the product in August, a slightly higher quantity compared to July (1.81 million m³) and 15% higher than June’s mark of 1.6 million m³.