Gulf Oil and Gas accountACCOUNT

Petrobras Signs Agreement with YPFB

Source: 12/30/2019, Location: South America

Petrobras, in continuation of the market announcement issued by the company about the Transition Agreement signed under the natural gas supply agreement (GSA) with Yacimientos Petroliferos Fiscales Bolivianos (YPFB), informs that the Transition Agreement disclosed establishes the basis for the renegotiation of commercial conditions related to the acquisition of natural gas by Petrobras.

Based on current GSA terms, Petrobras has the right to request a volume of 30.08 million m / d. One aspect that is being renegotiated between the parties involves the expectation of reducing this volume commitment to 20 million m / d, allowing the surplus to be traded directly by YPFB to other agents in the Brazilian market. The contracted volume, as well as other commercial aspects should be redefined until 03/10/2020, when the Transition Agreement is terminated.

Petrobras reaffirms its commitment to the opening of the natural gas market, encouraging the entry of new agents.

Natural Gas News in Brazil >>

Iran >>  1/20/2020 - Iranian Central Oil Fields Company (ICOFC) has supplied 254 million cubic meters per day (mcm/d) of natural gas to the National Iranian gas Company (N...
Egypt >>  1/16/2020 - France has asked to join the Eastern Mediterranean Gas Forum, which aims to develop the region's gas market, Egypt's petroleum ministry said. ...

Egypt >>  1/15/2020 - Natural gas pumping from Israel to Egypt will start on Wednesday, the Egyptian ministry of petroleum announced in a statement early on Wednesday. ...
Qatar >>  1/5/2020 - Qatar Petroleum and Kuwait Petroleum Corporation (KPC) entered into a long term Sale and Purchase Agreement for the supply of up to 3 million tons per...

Morocco >>  1/2/2020 - The Company announced on 30 October 2019 that it had, in relation to ongoing negotiations in respect of a Gas Sales Agreement for the sale of natural ...
Russia >>  12/31/2019 - Gazprom Export and Gazprom Armenia signed an additional agreement to the contract for Russian gas supplies to the Republic of Armenia. ...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 

Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.