Petrobras Informs About Adjustments in Natural Gas Contract Prices for Distributors

Source: www.gulfoilandgas.com 7/6/2021, Location: South America

Petrobras informs that, in accordance with the contracts in effect, it will adjust, as of August 1, 2021, the natural gas sale prices for distributors.

The variation results from the application of the supply contract formulas, which link the price to the oil price and the exchange rate. The contract prices are updated quarterly. For the months of August, September and October, the reference are the quotations of April, May and June. During this period, oil prices rose 13%, following the global commodities upward trend; and the Real appreciated about 4% in relation to the Dollar, as a result, the adjustment will be 7% in R$/m³.

Petrobras clarifies that the final price of natural gas to the consumer is determined not only by the company's sales price, but also by distributor margins (and, in the case of NGV, by resale stations) and by federal and state taxes. In addition, the tariff approval process is carried out by the state regulatory agencies, according to specific legislation and regulations.

The sales contracts for the distributors are public and are available at the National Petroleum, Natural Gas and Biofuels Agency (ANP) website for consultation.


Australia >>  11/5/2024 - Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, confirms its AGM will be ...
Botswana >>  11/5/2024 - Tlou Energy Limited announces the following historic loan agreement with a related party and a new loan agreement with the same related party.

...


Denmark >>  11/5/2024 - Summary: Quarterly revenue of EUR 5.2bn with an EBIT margin before special items of 4.5 percent. Order intake of 4.4 GW and combined order backlog of ...
Ireland >>  11/5/2024 - Greencore Group plc, ("Greencore" or the "Company") announces that on 4 November 2024 it purchased, for cancellation, the following number of ordinary...

Norway >>  11/5/2024 - Please see below information about transactions made under the fourth tranche of the 2024 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQN...
Trinidad and Tobago >>  11/5/2024 - On 2 August 2024, the boards of directors of Trinity and Lease Operators announced that they had reached agreement on the terms of a recommended cash ...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.