Portuguese 
English 
Spanish 
2 min of reading 
In Addition to the Fluctuation in Oil Prices, New Sales Contracts with Distributors Allowed Petrobras to Reduce the Natural Gas Sale Price Last Saturday
To reaffirm its commitment to the new natural gas market in Brazil, Petrobras announced in a relevant fact on August 3rd that it adjusted and reduced the natural gas sale prices for distributors last Saturday (01/08). Petrobras Starts Leasing Process for the Liquefied Natural Gas (LNG) Regasification Terminal in Bahia
Read Also
- Selective Process for Job Openings in Mining Works in the State of Minas Gerais Calls for Tractor, Excavator, Backhoe, Compactor Operator, Truck Driver, and More
- Civil and Industrial Construction Works at the Porto do Açu Demand Many Job Openings for Helper, Mason, Foreman, Plumber, Welder, Electrician, and More, on This Day, August 3rd.
- 100 Job Openings for Professionals in the Role of Telemarketing Operator with High School Education, on This Day, August 3rd, to Work in São Paulo and Salvador
According to Petrobras’s statement, contracts initiated in January 2020 will have an average accumulated reduction of 48% in dollars per million BTU (US$/MMBtu), compared to December 2019. The percentage also considers the dollar exchange rate on the contractual price update date.
The BTU is the unit of energy measurement used in the United States and the United Kingdom. When measured in reais per cubic meter (R$/m³), prices will have an average accumulated reduction of 35%, despite the depreciation of the real.
-
City that lost entire beaches bets on “living speed bumps” at the bottom of the ocean: US$1.8 million project uses artificial reef and promontories to slow down waves, retain sand, and try to reverse decades of erosion in California
-
Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.
-
Brooms are becoming a thing of the past: new technology with a cordless vacuum cleaner featuring up to 60 minutes of run time, 3x more powerful suction, and anti-mite filters promises to eliminate up to 99% of dust and revolutionize cleaning in 2026.
-
Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
“Petrobras reaffirms its commitment to the process of opening the natural gas market, whose Commitment Term of Cessation was signed in July 2019 with the Administrative Council for Economic Defense (CADE). The company has been working to accelerate the stages under its responsibility in pursuit of developing a competitive and sustainable market,” the state-owned company informed.
Petrobras highlighted that the sales contracts with distributors are public and available for consultation on the website of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), but pointed out that the variation follows the international price.
“The price reduction reflects the new sales contracts with the distributors, where the price of the gas molecule is linked to the fluctuation of oil prices in the international market, which is reviewed quarterly.”
The specific data of Petrobras’s new prices with the distributors were not revealed in the statement. The state-owned company clarifies that the final price of natural gas to the consumer is not determined solely by the cost of the gas molecule and transportation but includes the margins of distributors and federal and state taxes.
“In addition, the tariff approval process is conducted by state regulatory agencies, according to specific legislation and regulation.”
Be the first to react!