Pipelines, Storage & Power

Offers made for northeast Brazil pipeline network

At least three consortiums have made offers for state-run Petrobras’s gas pipeline network in Brazil’s northeast.
By Staff reporter 21 December 2017 0 28888

At least three consortiums have made offers for state-run Petrobras’s gas pipeline network in Brazil’s northeast, Reuters has reported.

The first is led by France’s Engie, the second by Australia’s Macquarie Group and the third by United Arab Emirates’ sovereign wealth fund, Mubadala Development.

Canadian fund Brookfield Infrastructure is also buying a 90% controlling stake in Brazilian gas distribution unit Nova Transportadora do Sudeste from Petrobras.