Friday, March 24 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Petrobras reduced the price of natural gas by 11.1% from November to January

    January 11, 2023 - CE Noticias Financieras


      Petrobras reduced by 11.1% per R$/m3 the natural gas transported and distributed by pipelines from November 2022 to January 2023. The state-owned company's natural gas readjustments are quarterly and comply with contracts with the distributors.

      "These contracts provide for quarterly updates and link the variation in the price of gas to the oscillations of Brent oil and the exchange rate.

      During this period, oil prices fell 11.9% and the exchange rate depreciated 0.2%," the state-run company said in a statement.

      There was also, as foreseen in the contracts signed at the end of 2021 and in force from 01/01/2022 to 12/31/2025, a reduction in the pricing formula, which went from 16.75% of Brent to 14.40% of Brent.

      Petrobras also pointed out that the final price of natural gas to the consumer is not only determined by the company's sales price, but also by each distributor's supply portfolio, as well as by their margins (and, in the case of NGV, those of the resale stations) and by federal and state taxes.


    Other Articles - Generation


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.