Brazil’s TAG: high price, low risk?

Brazil’s huge TAG pipeline network is for sale, but it is a mystery to the market. Wildcat finds it to be a safe bet – with strings attached Brazil’s huge TAG pipeline network is for sale, but it is a mystery to the market. Wildcat finds it to be a safe bet – with strings attached.
By The Wildcat 26 February 2018 0 29733
The Cacimbas Catu gas pipeline. The Cacimbas Catu gas pipeline. (Petrobras)

Petrobras is facing a day of reckoning next month in its quest to shrink one of the oil and gas industry’s largest debt piles. The Brazilian state-run giant, which is seeking to divest a whopping $21 billion of assets over the next 18 months, has set a deadline of late March to receive proposals for 90% of its stake in the Transportadora Associada de Gas (TAG) pipeline company.

TAG controls a network of pipelines in Brazil’s northern and northeastern regions that spans around 4,500 km. The...

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