Thursday, April 15, 2021

Bolsonaro signs a new Gas Law; know what changes

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According to the General Secretariat of the Presidency, the measure defines “the legal conditions necessary for the formation of an open, dynamic and competitive natural gas market”

The president Jair Bolsonaro sanctioned this Thursday the call Gas Law, which changes the sector’s regulatory framework.

According to the General Secretariat of the Presidency, the measure defines “the legal conditions necessary for the formation of an open, dynamic and competitive natural gas market” and can serve as a reference “for the formulation of other public policies, with a focus on promoting competition “, says the text.

Among the innovations, the new law includes the exchange of the granting regime for the authorization to explore pipeline transportation services and underground storage, which reduces the bureaucracy for expanding the natural gas transportation network.

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