Petrobras fará importação de Gás Liquefeito de Petróleo (GLP) devido a "escassez pontual" causada pela grande procura das família

Petrobras to Import Liquefied Petroleum Gas (LPG) Due to “Temporary Shortage” Caused by High Demand from Households

Written by Flavia Marinho

Published on 30/03/2020 at 08:31

Updated on 30/03/2020 at 08:41

Petrobras fará importação de Gás Liquefeito de Petróleo (GLP) devido a “escassez pontual” causada pela grande procura das famílias

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High Demand for Liquefied Petroleum Gas (LPG) by Families Caused “A Temporary Shortage” of the Fuel. Petrobras Says the Situation Should Normalize in the Coming Days. Amid the Pandemic and Oil Crisis, Independent Producers Request Suspension of Royalty Payments to the MME

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Information about the shortage of petroleum-derived fuel came from the Ministry of Mines and Energy (MME). According to the MME, Petrobras will make an additional import of LPG, which will arrive on this day (30) in the market.

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Petrobras is responsible for nearly 100% of the Liquefied Petroleum Gas (LPG) supplied in the Country.

The measure was taken after a teleconference meeting between the Department of Oil, Natural Gas and Biofuels (SPG) of the MME with several sector agents involved in the supply of cooking gas (13 kg LPG), the National Agency of Petroleum, Natural Gas and Biofuels (ANP), and Petrobras.

“The technicians concluded that, due to the need for home isolation as a containment measure against the spread of the coronavirus, in some regions Brazilian families anticipated their purchases in order to keep LPG in stock at home,” explained the Ministry of Mines and Energy yesterday (29) in a statement.

Oil Crisis and Pandemic Make Petrobras Hibernate Platforms, Reduce Investments, and Take Other Emergency Measures

In light of the impacts of the coronavirus pandemic and the shock of oil prices, Petrobras informed last Thursday, March 26, about the measures it has been taking to reduce expenditures and preserve cash amid this uncertain scenario.

As a result of the abrupt reduction in oil and fuel prices and demand, the company is adopting a series of measures to reduce expenditure and preserve cash in this uncertain scenario and has decided to implement the measures described below to balance its cash flow in the year 2020. Click here to read the full article.

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