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Brazil’s PPSA Schedules First Auction to Break Petrobras Gas Monopoly, Targeting 50% Price Cut for Industry

The Brazilian government's company, Pré-Sal Petróleo S.A., will auction 1.1 million m³/day of pre-salt natural gas in October to lower industrial energy costs and increase competition.

By Eleanor Shaw

Published
Brazil’s PPSA Schedules First Auction to Break Petrobras Gas Monopoly, Targeting 50% Price Cut for Industry
Source: galio, modified by Fulviusbsas / Wikimedia Commons (CC BY-SA 2.0)

The Brazilian government's company, Pré-Sal Petróleo S.A., will auction 1.1 million m³/day of pre-salt natural gas in October to lower industrial energy costs and increase competition.

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