The financial debacle at Brazil’s state-owned Petrobras has brought about the rapid privatisation of the country’s gas pipeline network, but potential buyers remain wary.
The heavily indebted company was forced to sell most of its pipeline network as part of a $21 billion divestment programme. The sell-off – together with the auctioning of transport capacity – means around 85% of Brazil’s total gas transport capacity of 294.2 million cubic metres per day (MMcm/d) could be controlled by private companies by the end of...
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