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Major Gas Industry Producers Rush for New Gas Law Approval
Companies and Producers want to harness the potential of natural gas in the Brazilian market, but with the gas law still awaiting approval, they remain at the mercy of other guidelines that sometimes hinder their entry into the market. On its social media, the national congress stated that the Gas Law will be voted on this Monday (07)
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“As market producers, I am in a hurry. I have no intention of discussing how it will be or waiting for sales behind a counter; my interest is in the now, I am in a hurry for today,” stated Cláudia Brun, Value Chain Advisor for Equinor.
National Production
Senator Dário Berger (MDB-SC) argued that new rules could stimulate domestic natural gas production and reduce the country’s dependence on imports from new producers who will emerge in the market.
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In 2019, Brazil consumed an average of 64.6 million cubic meters of gas per day, according to the Brazilian Association of Gas Distribution Companies (Abegás). In the same year, the country imported 9.8 billion cubic meters, according to the National Agency of Petroleum, Natural Gas and Biofuels (ANP).
“The opening of the gas market with the new Gas Law and new producers will attract investments, increase our production capacity, generate jobs, and reduce costs and the final price of products. This is vital for economic recovery,” emphasized Berger.
Senator Fernando Collor (Pros-AL) also highlighted the economic potential of the legislation, if approved.
“The new gas law will modernize the market and help Brazil grow, in addition to increasing competition in the sector, attracting investments, and generating jobs. It is urgent to modernize market relations,” he wrote.
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