Brazil's government wants lower prices for natural gas pipeline and processing
Brazil could cut prices for firms to access gas pipelines and natural gas processing units, in a bid to lower consumer prices, Brazil's Minister of Mines and Energy Alexandre Silveira said on Tuesday.
Silveira was speaking at an event hours before the government released a new study on the subject. State-run oil firm Petrobras PETR4 is the leading operator of pipelines that transport the raw material produced offshore, where most of Brazil's production comes from. It also operates onshore gas processing units.
In Brazil, offshore gas producers pay Petrobras and private firms to use their pipelines and processing infrastructure at a cost the government believes is too high, which is passed on to consumers. Without mentioning Petrobras or other energy companies, Silveira said the current system makes gas more expensive and added he was tasked by Brazil's President Luiz Inacio Lula da Silva to find ways to lower gas prices.
The government's proposed changes and estimates on how much it would cut prices for access to gas pipelines and processing units are detailed in a study by Brazil's Energy Research Company (EPE), said Silveira.
Related News
Related News
- U.S. ethane exports to China hit new roadblock with license requirement
- Glencore to offtake 2 MMtpy of LNG from Commonwealth LNG's export facility in Cameron Parish, Louisiana
- Australia clears Woodside to run North West Shelf LNG plant to 2070
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
Comments