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

Written by Paulo Nogueira Published on 01/12/2023 at 10:40

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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.

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

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Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

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