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 >>

Australia >>  5/26/2020 - Key points: ...
Egypt >>  5/26/2020 - Westport Fuel Systems Inc. (Westport Fuel Systems) (WPRT) announced that they have been awarded a competitive tender bid by the Egyptian International...

United Kingdom >>  5/26/2020 - The production of natural gas from the UK Continental Shelf (UKCS) creates less than half as much greenhouse gas as imported Liquefied Natural Gas (LN...
Thailand >>  5/21/2020 - Gulf Energy Development has secured licences from the government of Thailand to import liquefied natural gas as it looks to reduce power prices in the...

China >>  5/20/2020 -  PETRONAS through its subsidiary, PETRONAS LNG Ltd. (PLL), recently concluded a Sale and Purchase Agreement (SPA) with Tiger Clean Energy Limited (TCE...
Egypt >>  5/20/2020 - A senior work group of Eastern Mediterranean Gas Forum (East Med Gas Forum) discussed the coming steps to form a joint future vision for gas industry ...

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.