December 3, 2020

Petrobras Seals Natural Gas Transportation & Processing Deal

Petroleo Brasileiro S.A. or Petrobras PBR recently inked a deal with the partners in the Santos Basin pre-salt offshore gas pipelines,namely Petrogal Brasil, Repsol REPYY and Sinopec’s SNP local joint venture Repsol Sinopec Brasil and Royal Dutch Shell’s RDS.A Brazilian unit Shell Brasil forsharing natural gas transportation and processing infrastructures.

The deal includes provision for the interconnection and sharing of transportation volumes on routes 1, 2, and 3, resulting in the Integrated Natural Gas Transportation System (SIE). Apart from the SIE, contract provisions comprise the Integrated Natural Gas Processing System (SIP), which includes Petrobras’ access to its processing units, which it runs in Caraguatatuba, São Paulo, and Cabiúnas and Itaboraí (under construction), the last two located in Rio de Janeiro.

The union of SIE and SIP is a vital move by the private companies to allow them to sell their volumes of natural gas directly to their clients. The natural

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