Floating Production Intelligence

Floating Production Intelligence

Brazil Antitrust Regulator Recommends Penalizing Petrobras

August 8, 2016

Floating Production Intelligence LLC.

The superintendent's office of Brazil's antitrust regulator Cade recommended penalizing state-run oil company Petroleo Brasileiro SA for anti-competitive behavior in the natural gas distribution market, according to a statement from Cade on Monday.

The case will now be tried before Cade's tribunal at a date yet to be determined. The complaint was made at Cade by rival natural gas distributor Comgas.

The complaint investigated by Cade showed Petrobras' alleged "discriminatory" behavior began in 2011, when the state-run company introduced a discount on the prices of natural gas transported on its network. The discount policy ended in 2015.

Petrobras natural gas supply contracts penalized Comgas' gas distribution business because of an unfair pricing policy on gas from Bolivia, Cade said.

According to Cade, Petrobras gave price discounts to its own distributor that operated adjacent to Comgas in the natural gas distribution market of Sao Paulo, Brazil's largest.

Petrobras did not immediately respond to a request for comment.


(Reporting by Ana Mano; Editing by Bernadette Baum and W Simon)

Floating Production Intelligence

  • Annual five year outlook and forecast FPSO database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.

Order Now!

Request a Demo