Petrobras Signs Contract with Petrogal Brasil

Source: www.gulfoilandgas.com 8/1/2022, Location: South America

Petrobras, following up on the release disclosed on 09/30/2020, informs that the Integrated Processing System (SIP) contract signed with Petrogal Brasil started operating today.

The contract provides for Petrogal's access to the gas processing units, owned by Petrobras and located in the states of Rio de Janeiro and São Paulo, connected to the Integrated Flow System (SIE).

The implementation of the SIP allows companies producing gas in Brazil to sell their volumes directly to their customers. This movement is part of a set of actions that enables the diversification of agents, resulting in increased competition, in compliance with the commitments made by Petrobras to the Administrative Council for Economic Defense (CADE) in 2019.

The entry into operation of Petrogal's contract is another milestone in the opening of the natural gas market in Brazil and demonstrates the commitment of the partners and other agents involved to contribute to the development of a competitive and sustainable market in the country. In the future, other natural gas producing companies may join the SIP.


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