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New bill to encourage gas imports in Brazil | Hellenic Shipping News Worldwide

New bill to encourage gas imports in Brazil
It is in the hands of the Chamber of Deputies to assess, change and approve a bill that promises to change the gas industry in Brazil. The New Gas Act aims to open up competition, expand investment and promote consumption. The PL 6407/2017 was approved by the Chamber of Deputies, went to the Senate and, on Thursday (10) night, came back to the Chamber, after being approved with changes by the Senate. But it is surrounded by questions and divisions in the sector. Thus, it will be assessed again.
The bill benefits the companies that intend to explore natural gas as it breaks the monopoly of Petrobras. Brazil has around 9,400 kilometers of gas pipelines, built from the creation of the Bolivia-Brazil gas pipeline during the administration of Fernando Henrique Cardoso in 1999. All those pipelines belong to Petrobras, which has the monopoly over their use. The new law determines that a company that owns the pipeline must allow other companies to use the network as long as they don’t harm the preference of the owner and pay for the service.

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New bill to encourage gas imports in Brazil

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