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Bolsonaro sanctions law pledging to open the gas market and make energy cheaper

RIO DE JANEIRO, BRAZIL - President Jair Bolsonaro on Thursday, April 8th, sanctioned the New Gas Law, which ends the Petrobras monopoly and modifies the legal and regulatory framework to promote competition in the country and attract investments of around R$60 billion to triple natural gas production in ten years to integrate it into national power generation.

The new law comes into effect almost two years after the launch of the program pledging a "cheap energy shock" with the end of Petrobras' monopoly over natural gas - a project championed by Ministers Bento Albuquerque (Mines and Energy) and Paulo Guedes (Economy . . .

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