Argus launches report as Brazil liberalizes gas market
Sao Paulo, 9 December 2021
Brazil is opening its gas market to competition, taking steps to reduce the dominance of state-controlled Petrobras and provide opportunities to new entrants, both domestic and international. The freer market will mean that prices are driven by supply and demand. To provide price transparency for this rapidly changing environment, Argus has launched a new report — Argus Brazil Gas and Power.
Requests to open Brazil’s natural gas market have been in train since 2016. Private-sector companies and local gas distributors were able to take part in tenders for supply contracts for the first time this year. From next year, gas producers will no longer sell all their supply to Petrobras, but directly to customers. Private-sector companies will also have direct access to essential infrastructure, including processing units and pipelines.
The Argus Brazil Gas and Power report includes calculated gas prices, news, analysis, regulatory updates and comparisons with international gas (Henry Hub day-ahead), Brent crude (North Sea Dated) and LNG delivered to Brazil (LNG des Brazil) benchmarks.
Argus Media chairman and chief executive Adrian Binks said: “Argus is known for identifying and reporting on new markets, as soon as they are viable. We understand that as markets liberalise, there is a great need for information, as companies are preparing significant investment in an uncertain environment. Accurate, comprehensive and objective insight, as well as good quality data are vital to successful market liberalisation. We have worked closely with contacts inside and outside Brazil to put together a unique and high-value report that will help Brazil’s gas and power sector develop successfully.”
About Argus Media
Argus is an independent media organisation with almost 1,100 staff. It is headquartered in London and has 26 offices in the world’s principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences.
Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.
Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.
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