Page 10 - LatAmOil Week 07 2023

LatAmOil BRAZIL LatAmOil

Near the end of 2022, Equinor started develop- (bpd) of oil, while associated gas will be re-in-
ment drilling at the field within the framework jected back into the reservoir.
of a programme that envisions the sinking of 19 Equinor also hopes to launch Phase 2 devel-
wells in total. opment operations later, but has not secured
The Norwegian major intends to develop approval for its plans. It has yet to decide
Bacalhau in multiple phases. During Phase 1, whether this second stage will involve gas sales
the field will produce 220,000 barrels per day or re-injection. ™

Industrial gas tariffs reported down

in 12 Brazilian states in February

NO less than 12 of the 20 state-level natural gas Only two state-level distributors raised tar-
distributors that Argus Media monitors in Bra- iffs. Amazonas state’s Cigas raised tariffs by 0.9%
zil have reduced their tariffs for industrial con- for small-scale clients, by 1.1% for mid-scale cli-
sumers in February. As a result, the news service ents and by 1.2% for large-scale clients, while
noted in its latest monthly assessment of indus- Espirito Santos state’s ESGas enacted hikes of
trial regulated gas tariffs, prices are set to decline 15%, 3.25% and 3.25% respectively in the vari-
by 7% on average across the country this month. ous categories. (While Cigas is not connected to
Parana state distributor Compagas enacted the country’s trunk gas pipeline network, ESGas
the largest cut, adopting a 29% tariff reduction is slated to be privatised.)
for mid- and large-scale industrial clients con- Across Brazil, tariffs went down over-
suming 70,000-340,000 cubic metres per day of all in February after state-owned Petrobras
gas. It also slashed prices by 15% for small-scale announced plans to reduce the price of the gas it
industrial consumers using up to 1,700 cubic supplies to distributors by 11.1% between Feb-
metres per day. (Argus Media monitors tariffs ruary and April compared to the previous three-
at three levels –for small-scale consumers using month period. ™
up to 1,700 cubic metres per day, for mid-scale
consumers using up to 70,000 cubic metres per
day and for large-scale consumers using up to
340,000 cubic metres per day.)
Other state-level distributors that imposed
significant reductions include Alagoas’ AlGas,
Pernambuco’s Copergas and Sao Paulo’s Com-
pagas, all of which enacted 10% cuts for clients
at all levels of demand. Meanwhile, a number of
gas distributors announced lower rate reduc-
tions, including Rio de Janeiro state’s CEG and
CEG Rio, Bahia’s Bahiagas, Ceara’s Cegas, Mato
Grosso do Sul’s MSGas, Minas Gerais’ Gasmig,
Paraiba’s PBGas and Sergipe’s Sergas, all of
which cut prices for customers in all three tiers. (Image: Abegas)

Sergipe state to grant TAG tax break for

pipeline linking its network to LNG terminal

TRANSPORTADORA Associada de Gás of Sergipe.
(TAG), Brazil’s largest natural gas transporta- According to a report from Argus Media, the
tion company, will be granted a tax break for the Sergipe state government’s industrial develop-
construction of a pipeline that will connect its ment council approved plans for the tax conces-
network to an LNG import terminal in the port sion on February 2.

P10 www. NEWSBASE .com Week 07 15•February•2023