Petrobras wants to increase price of gas to distribution companies in Brazil by 50%

In December, gas supply contracts between the state-owned oil and distribution companies expire. Petrobras offered four-year contracts with a 50% adjustment in gas price. Distributors claim that the opening of the Brazilian market is not being complied with.

RIO DE JANEIRO, BRAZIL -  Petrobras wants to increase by 50% the price of the gas it sells to distribution companies in Brazil and whose contracts expire this December. The increase implies a rise of 8 to 12 dollars in the price per million BTU.

The state-owned oil company defends the need to adjust the price of gas to the international increase in LNG, but the distributors question the fact that it is not complying with the opening of the Brazilian market.

The proposed price increase is due to the sharp rise in the price of LNG that Petrobras has . . .

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