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Petrobras Closes R$ 51.6 Billion Contract With CEG and CEG Rio.

Written by Paulo Nogueira

Published on 01/12/2023 at 10:40

Oil and Gas

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Natural Gas Supply Agreements Start This Friday (12/1), Extending Until 2034, Ensuring A Long-Term Partnership.

Petrobras’ strategy of engaging in long-term supply contracts with gas distributors since late 2022 resulted in securing 11 million m3/day of firm consumption for its natural gas as the decade turned.

The state-owned company had already signed 11 contracts with distributors, with a volume equivalent to about 14% of the total firm gas demand (excluding thermal power plants) forecasted by the Electric Energy Research Company (EPE) for the early 2030s, within the integrated pipeline network.

The parent company of CEG and CEG Rio managed to avoid disadvantageous conditions with Petrobras in court and was in a battle to renegotiate gas prices.

ARTICLE CONTINUES BELOW

Multi-Million Contract Between Petrobras And Gas Distributors

Petrobras established a supply contract for natural gas totaling R$ 51.6 billion with CEG and CEG Rio, companies that distribute gas controlled by Naturgy and provide services in the state of Rio de Janeiro.

The agreement takes effect today, December 1st, and will be valid until 2034.

According to the state company, the signing of the contract was made possible “due to the fulfillment of the conditions agreed upon by the parties, after concluding an agreement to end legal disputes”.

Source: EPBR

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Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

Petrobras Closes R$ 51.6 Billion Contract With CEG and CEG Rio.

Natural Gas Supply Agreements Start This Friday (12/1), Extending Until 2034, Ensuring A Long-Term Partnership.

Multi-Million Contract Between Petrobras And Gas Distributors

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