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Natural gas supply agreements begin this Friday (1/12), which will extend until 2034, guaranteeing a long-term partnership.
Petrobras' strategy of appealing for long-term supply contracts with piped gas distributors since the end of 2022 resulted in obtaining 11 million m3/day of firm consumption for its natural gas at the turn of the decade.
The state-owned company had already signed 11 contracts with distributors, with a volume equivalent to approximately 14% of all firm gas demand (excluding thermoelectric plants) predicted by the Energy Research Company (EPE) for the early 2030s, within the integrated gas pipeline network.
The controller of CEG e CEG Rio, managed to avoid disadvantageous conditions with Petrobras in court and was in a battle to renegotiate gas prices.
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Although a conciliation between the two companies was attempted in court, the impasse had not been resolved until the announcement made on Friday. The amounts paid less by the distributor in 2022, due to the court order, exceeded the mark of one billion reais at the beginning of the year, according to sources.
Million-dollar contract between Petrobras e distributors of gas
A Petrobras established a contract for supply de natural gas in the amount of R$51,6 billion with CEG and CEG Rio, companies that distribute gas controlled by Naturgy and that provide services in the state of Rio de Janeiro.
The agreement comes into force from today, December 1st, and will be valid until 2034.
According to the state-owned company, the signing of the contract was made possible “due to compliance with the conditions agreed between the parties, after the conclusion of an agreement to end legal disputes”.
Source: EPBR
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