Currently, the entirety of the Union’s gas is sold directly to Petrobras.
Pré-Sal Petróleo S.A. plans to start marketing the share of natural gas belonging to the Union in sharing contracts in the Integrated Processing System (SIP) starting in 2024, as announced by the interim president of the state-owned company, Tabita Loureiro, on 11/22.
This measure would open the possibility for other companies to acquire gas from the state-owned company. Currently, the gas from the Union is sold directly to Petrobras at the production platform. However, PPSA‘s plan is to expand this operation and seek ways to market the gas at processing units, going beyond the outflow infrastructure.
According to Tabita Loureiro, the delivery of gas produced on the FPSO to Petrobras with a daily production of 3 million m3/day under the sharing regime requires access to the outflow and processing system. This is essential to ensure the proper delivery of gas to the market and to the industry as a whole.
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Marketing Model in SIP Under Discussion with the Ministry of Mines and Energy
Loureiro informed the epbr agency that the format of how the marketing will occur in the Integrated Outflow and Processing System (SIP) is still being debated with the Ministry of Mines and Energy.
The proposal is that the production from fields that generate small amounts of gas for the Union continues to be sold directly to Petrobras.
The SIP includes the gas processing units of Petrobras in the Rio-São Paulo axis, which includes UTGCA (Caraguatatuba/SP), UTGCAB (Cabiúnas/RJ), and the future UTGITB (Gaslub/RJ).
The assets are available for sharing with other companies, such as Petrogal, Shell, and CNOOC, which have access to the system.
PPSA expects that natural gas production from the sharing contracts will reach around 3.3 million m3/day in 2024, with approximately 200,000 m3/day belonging to the Union.
These volumes are increasing, and it is expected that the Union’s gas share will reach 3.5 million m3/day in 2029, at peak production.
PPSA forecasts that in the next ten years, the revenue generated from the sale of the Union’s gas will reach R$ 4 billion.
Tabita Loureiro stated that they are awaiting the guidelines of public policies for the 3 million m3/day of natural gas.
The federal government is currently focused on structuring the Gas for Employment program, which promises to offer natural gas at competitive prices.
The objective is to increase the amount of gas from the Union available for the implementation of public policies, through the exchange of Union oil for more gas volumes, which will be offered in long-term auctions.
Source: EPBR Agency

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