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Brazil Signs Decree to Increase Domestic Natural Gas Sales: Argus

NATGAS

Brazil’s Federal government adopted a decree Aug. 26 to increase natural gas deliveries to the market, hoping to reduce its prices, Argus said.

  • The decree was signed by President Lula da Silva and energy minister Alexandre Silveira during the national energy policy council CNPE.
  • The decree is based on Lula’s gas for jobs programme and would allow regulator ANP to order companies to increase natural gas production for sale to the market.
  • Many companies working in Brazil’s pre-salt fields choose to re-inject gas.
  • Brazil has recently emerged as a buyer of LNG as dryer weather threatens its vast hydropower production, leaving it looking at gas to make up the power shortfall, Bloomberg said.

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