Combustível do Futuro deve avançar rápido, diz Abicom

  • : Biofuels, Natural gas
  • 24/02/27

A Câmara dos Deputados deve aprovar rapidamente o projeto de lei (PL) Combustível do Futuro, disse o presidente da Associação Brasileira de Importadores de Combustíveis (Abicom), Sérgio Araújo, à Argus.

Nesta segunda-feira, o deputado federal Arnaldo Jardim (Cidadania-SP), relator do projeto, apresentou um relatório com mudanças no texto original.

"A demora excessiva para soltar o relatório me faz acreditar que ele [Jardim] já tenha divulgado um relatório costurado e amarrado com os principais decisores – incluindo os ministérios de Minas e Energia e da Agricultura", contou Araújo, acrescentando que o deputado é muito influente no Congresso.

Recentemente, o Combustível do Futuro também foi apensado a um projeto semelhante de autoria do deputado Alceu Moreira, que corre em caráter emergencial e pode facilitar a tramitação do pacote verde.

"Acho que o relatório está pronto para ser votado, principalmente na Câmara, e ser aprovado rapidamente", disse o presidente da Abicom à Argus.

O texto precisa ser aprovado pelas duas casas do Congresso e sancionado pelo presidente Luiz Inácio Lula da Silva para ser transformado em lei. Mas é provável que o PL enfrente um debate maior no Senado, Araújo afirmou.

A aceitação do relatório não é unânime no setor de combustíveis fósseis, já que que os principais consumidores de diesel, como a Confederação Nacional do Transporte (CNT) e a Associação Nacional dos Fabricantes de Veículos Automotores (Anfavea), não estão satisfeitos com a adição do aumento do mandato de mistura do biodiesel na revisão proposta por Jardim, apontou Araújo.

"Deve acontecer uma reação bem forte dos principais consumidores, como as distribuidoras", ele acrescentou.

A última versão do projeto inclui o biodiesel no escopo e estabelece um cronograma de elevação anual do percentual de adição obrigatória no período de 2025 a 2030, de modo a chegar em 20pc e subir para 25pc a partir de 2031. Atualmente, a mescla do biocombustível no diesel está em 12pc.

O texto revisado também propõe a instituição do Programa Nacional do Biometano e abre espaço para elevar o percentual obrigatório do etanol anidro na gasolina dos atuais 27,5pc para 35pc, após testes de viabilidade técnica.

O governo Lula apresentou o PL pela primeira vez em setembro, como parte de esforços de transição energética para expandir o uso de combustíveis renováveis e reduzir emissões.


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Investment funds’ long TTF position tops 129TWh: Update


24/06/19
24/06/19

Investment funds’ long TTF position tops 129TWh: Update

Updates net long figure based on new Ice report released same day London, 19 June (Argus) — The net long position of investment funds at the Dutch TTF gas hub has reached its highest since January 2022 at more than 129TWh, according to the latest data released by the Intercontinental Exchange (Ice). Investment funds have traded much more heavily at the TTF over the past two months, with their net long position more than quadrupling to 129TWh on 14 June from 31.8TWh in early April, the most recent Ice commitment-of-traders report shows. This is the largest net long position that investment funds have held in the past two and a half years. Late 2020 was the last time that investment funds increased their net long position so quickly, jumping from roughly 75TWh on 27 November 2020 to a peak of nearly 256TWh on 12 February 2021 ( see investment fund graph ). Firms began to unwind this net long position from May, and there was a switch to a net short position in April 2022-August 2023. Continued TTF price volatility may have attracted more investment funds in recent months, particularly as the front-month contract earlier this month hit its highest since December, peaking at €35.88/MWh on 3 June. Russian pipeline gas used to provide the European market with a large degree of flexibility, but the loss of most of this gas, along with higher reliance on LNG, has reduced Europe's supply buffer and has exposed the TTF more to factors well outside Europe. Extended downtime at the Wheatstone LNG plant in Australia, a facility that provides no cargoes to Europe, caused the TTF front-month contract to jump to €36.12/MWh in intra-day trading last week . Similarly, news of shelling in the region of Sudzha , the location of the last still-functioning interconnection point between Ukraine and Russia, caused the TTF front-month contract on Ice to spike by more than €1/MWh in the space of two minutes before falling again. Such sudden jumps and falls have become increasingly common in recent months, with many traders noting the role of algorithmic trading in this phenomenon. A volatile trading environment is more attractive to investment funds than to other types of market participants, as they make most of their money from price volatility whereas utilities make most of their money from the margins on their sales to customers and associated services. The investment funds' move to a large net long position contrasts with a rapid move to a net short position by commercial undertakings, defined as companies with retail portfolios. These two trader categories each held net long positions of roughly 77TWh at the start of November. But investment funds had unwound this into a small net short position by March, while commercial undertakings continued to go longer, reaching a peak of 159TWh in mid-December. Mid-February appears to have been a turning point, with investment funds beginning to climb to a net long and commercial undertakings quickly unwinding to small net short. This was mostly driven by commercial undertakings' increasingly large net short position for "risk reduction contracts", topping 161TWh, as a hedge for similarly sized net long positions on the physical side in storage ( see commercial graph ). This is only the third time since 2018 that commercial undertakings' aggregate position has been net short, with the only other notable time being for a prolonged period in January-August 2021, as well as one brief week in June 2020. This likely reflects historically high EU stocks at the end of the 2023-24 winter, which have to be counterbalanced by risk-reduction hedging contracts. By Brendan A'Hearn and Matt Drinkwater ICE TTF net positions TWh ICE TTF commercial undertakings positions TWh Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Brazilian minister defends shale gas exploration


24/06/19
24/06/19

Brazilian minister defends shale gas exploration

Rio de Janeiro, 19 June (Argus) — Brazil's mines and energy minister Alexandre Silveira defended exploring shale gas in the country in an address to the lower house of congress. Silveira proposed integrating Brazil's energy resources with those of neighboring countries, especially Argentina, which boasts an estimated 308 Tcf of gas reserves, according to the US Energy Information Administration. He also urged discussions regarding unconventional gas exploration in Brazil. "It makes little sense for us to continue importing unconventional gas from the US after more than five decades," Silveira said. "Meanwhile, we hesitate to explore similar resources within our own borders because of unclear reasons." Mato Grosso and Bahia states are currently discussing exploring shale gas by hydraulic fracking, while Parana and Santa Catarina states have regulation in place. More supply, lower prices Silveira once again stressed the need to increase gas supply and decrease prices. "Currently, 35pc of our chemical industry is not operating in full capacity because of insufficient gas supply and excessively high prices compared with international rates," he said. "We must explore all avenues to meet demand." This is not the first time Silveira calls for lower gas prices to push Brazil's industrialization, one of the federal government's main objectives . Brazil needs to hold a secure, sustainable approach to energy exploration while maintaining its energy sovereignty, Silveira said. For that, it needs to leverage all of its available energy resources, despite having an 88pc clean energy matrix. "We cannot afford to overlook our potential," Silveira said. "Renouncing any option would be a disservice to our nation." By Betina Moura Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

EU warns of 2030 climate ambition gap


24/06/19
24/06/19

EU warns of 2030 climate ambition gap

Brussels, 19 June (Argus) — The European Commission has warned of an ambition gap on the way to member states achieving the bloc's 2030 renewables and energy efficiency goals, although it noted "some" progress. And European industry still faces comparatively high energy prices, the commission said in its twice-yearly report on countries' economies and finances. Increasing energy efficiency and switching to less costly renewable energy is "essential" to improve the competitiveness of European industry, but most EU states lack solid and sufficiently detailed investment estimations, as well as concrete measures to attract private clean energy finance, the commission said. And countries need to strengthen their carbon sinks from the land use, land-use change and forestry sectors. For Germany, the commission noted that the transport sector has failed to reach annual sector-specific emission targets, including in 2023 , when the sector increased final energy consumption by 6.3pc compared with 2022. EU states also need to strengthen policies to phase out fossil fuel subsidies so as to align with the EU goal of becoming a climate neutral economy, the commission said. For France, the commission estimated a net budgetary cost of emergency energy support measures at 0.9pc of GDP in 2023 and a projected 0.2pc in 2024, falling to 0pc in 2025. And for Italy the commission forecast a net budgetary cost of emergency energy support measures of 1pc of GDP in 2023, reaching 0pc in 2024. For Germany, the estimations are 1.2pc of GDP going to energy support measures in 2023, 0.1pc in 2024, and 0pc in 2025. Another of the commission's key recommendations is to cut the share of Russian imports in total EU gas imports beyond the 15pc seen in 2023, even if the share historically stood at around 40pc. Further efforts are needed from "certain" countries to phase out imports of LNG from Russia, the commission said. EU states have struggled to agree a further round of sanctions against Russia, which would include restricting the reloading of Russian LNG for export outside the EU at terminals in Europe. EU foreign ministers are expected to discuss the matter at a meeting on 24 June. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Gas necessary for Asia, unwise not to invest: Summit


24/06/19
24/06/19

Gas necessary for Asia, unwise not to invest: Summit

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Secondly, the affordability of low-emission LNG may be an issue because some markets are unable to afford the extra costs when they are struggling to even move from a coal to gas-based market. Thirdly, SPAs will evolve and contracts must change to become more flexible. So buyers and sellers need to "act in good faith", said Kirk. But governments and regulators can slow down developments, which can be frustrating for suppliers, said Morrell. There needs to be a realisation that the consumer is paying for incentives and subsidies that the government provides, he said, adding that discussions should move away from 3–5-year political cycles and look at 20 years in the future. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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