RIO DE JANEIRO, BRAZIL - A unit of Anglo-Dutch Shell has been authorized by the Brazilian government to import Bolivian gas to supply the domestic market, while a Trafigura group company has been granted approval to import liquefied natural gas (LNG) from several locations.
The authorizations, published by the Ministry of Mines and Energy in Monday's Federal Gazette, are effective until mid-2024 and come shortly after Congress passed a bill that aims to establish a new legal framework for the gas sector in Brazil, with the goal of increasing competition in the industry.
The regulatory reform, which now . . .