Ministry of Mines and Energy Authorizes Petrobras to Import Natural Gas from Bolivia. The Authorization is Valid Until the End of 2020
The Brazilian oil company Petrobras receives approval from the Ministry of Mines and Energy to conduct natural gas import activities from Bolivia for a total volume of up to 10.08 million cubic meters per day. COVID-19 May Depreciate a Quarter of the Global Fleet of Offshore Drilling Units
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The authorization granted by the government to the state-owned company was published by the ministry in the Federal Official Gazette this Wednesday and is valid until the end of 2020.
The approval also includes the authorization that allows Petrobras to import an additional up to 1 million cubic meters per day of the product for use in the transportation system.
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The rise in oil prices puts Brazil in a strategic advantage and projects a trade surplus of US$ 90 billion, boosting exports and creating a highly favorable and unexpected economic scenario.
According to the government’s publication, the natural gas to be imported from the neighboring country will have a potential market in meeting the demand of thermoelectric plants, with transportation through the Bolivia-Brazil pipeline.
The delivery location of the input will be at the border between the two countries in Corumbá, Mato Grosso.
Petrobras must present reports on the import operations conducted, including daily volumes, to the regulatory agency National Agency of Petroleum, Natural Gas and Biofuels (ANP).
Compass Gas and Energy Wants to Buy Petrobras’s Stake in Gaspetro
After Announcing a Billion-Dollar Investment in São Paulo to Bring Pre-Salt Gas to Baixada Santista, Cosan reported yesterday (10/26) that its subsidiary, Compass Gas and Energy, made a proposal in the competitive divestment process promoted by Petrobras.
The oil company intends to purchase a 51% stake of Petrobras in Gaspetro. In addition to Petrobras, Gaspetro has the Japanese Mitsui as a shareholder, with a 49% stake.
Petrobras started the process of selling its stake in Gaspetro at the end of February, entering the binding phase in July after a delay in mid-March, when the oil company reopened the qualification phase for interested parties.

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