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Markets & Forecasts

Brazil’s gas sector faces regulatory turmoil

Changes to Brazil’s regulatory framework have the potential to benefit the country’s gas sector in the medium-to-long term provided they are not reversed by future administrations Changes to Brazil’s regulatory framework have the potential to benefit the country’s gas sector in the medium-to-long term provided they are not reversed by future administrations.
By Abhishek Kumar 20 September 2019 Americas / Policy & Regulation 0 34600
The Brazilian government wants to weaken the monopoly of state-owned Petrobras over the country’s oil and gas sector. (Petrobras)

Brazil’s gas sector once again finds itself in a state of flux. The government wants to weaken the monopoly of state-owned Petrobras over the country’s oil and gas sector, and its Novo Mercado de Gas – or New Gas Market – initiative is intended to do just that. The proposed measures go hand-in-hand with gas sector projects being built. Nevertheless, there is a lack of political consensus around several of these measures, bringing into question their effective and timely implementation.

The remit of the new regulatory...