Galp Securing New Opportunities in the Brazilian Natural Gas Market

Source: www.gulfoilandgas.com 12/29/2021, Location: South America

Following the new framework for the natural gas market liberalisation in Brazil, Galp, through its Petrogal Brasil and Galp Energia Brasil subsidiaries, has established a series of gas commercialization contracts with a start date of January 1, 2022.

Galp has entered into an agreement with Companhia de Gás da Bahia (Bahiagás) to sell a part of its natural gas production from its portfolio to the north-eastern natural gas distributor. Bahiagás has committed to acquire at least 330 million cubic metres per annum of natural gas from Galp for 3 years.

Galp also secured the offtake of Repsol Sinopec’s natural gas production from Sapinhoá Norte, broadening the Company’s sourcing alternatives in the country.

Additionally, Galp signed agreements with Petrobras and Transportadora Associada de Gás to ensure access to the processing and transportation infrastructures, respectively.

These agreements represent a milestone in Galp’s strategy to develop its integrated gas portfolio in Brazil, diversifying outlets for its own natural gas production and increasing its sourcing alternatives to maximise value creation from both its Upstream operations and its Energy Management activities in this core region for the Group.


Bulgaria >>  5/17/2022 - Albania's Albgaz Sh.a (Albgaz) and Bulgaria's Overgas Inc. AD (Overgas) have signed an MOU expressing their mutual intent to cooperate on bankable pro...
Poland >>  5/16/2022 - Polskie Górnictwo Naftowe i Gazownictwo has concluded an agreement with Sempra Infrastructure specifying the main provisions of the contract for the p...

Russia >>  5/16/2022 - According to preliminary data, Gazprom produced 193.8 billion cubic meters of gas from January 1 through May 15, 2022. This is a decrease of 3.7 per c...
Ukraine >>  5/10/2022 - - 2022 forecast revised down by 0.6 percentage points on projections in March
- This year’s forecast for Ukraine is now negative growth of 30 pe...


United States >>  5/10/2022 - Venture Global LNG, a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins, has announced the executi...
Australia >>  5/4/2022 - Cue Energy, through the Mereenie Joint Venture, has entered into agreements to enable sales of uncontracted gas into East Coast trading hubs, includin...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.