Brazil's federal government adopted a decree today to increase natural gas deliveries to the market, hoping to reduce prices.
President Luiz Inacio Lula da Silva and mines and energy minister Alexandre Silveira signed the decree during a national energy policy council CNPE meeting.
The decree is based on Lula's gas for jobs program and would allow hydrocarbon regulator ANP to order companies to increase natural gas production for sale to the market. Many companies working in Brazil's pre-salt fields choose instead to re-inject gas to optimize oil recovery.
