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Petrobras Secures Gas Contracts in Sale of NTS

Source: Reuters 10/31/2016, Location: South America

Petr?leo Brasileiro SA has secured 20-year contracts for the transport of natural gas through Nova Transportadora do Sudeste SA, which the Brazilian state-controlled oil company recently sold to Brookfield Asset Management Inc for $5.19 billion.

In a Monday securities filing, Petrobras, as the company is known, said Brookfield will pay $4.34 billion when the sale of NTS is concluded, and about $850 million within five years. Both firms are working to finalize the transaction by the end of the year.

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Related Categories: Coal  Electricity  General  Natural Gas  Oil 

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