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.

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

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

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