Brazil’s Lower House May Vote to End Petrobras’ Virtual Monopoly in Gas Industry

If approved, the law could reduce natural gas prices in Brazil, says Congressman Laercio Oliveira, who will present the bill in the House. Its backers say the law could attract R$60 billion (US$11 billion) in private investments and generate 4 million jobs.

RIO DE JANEIRO, BRAZIL - Brazil’s lower house is set to vote on Tuesday, September 1st, to pass a bill that can further open up the natural gas market to private investors by breaking the monopoly held by state-controlled oil company Petrobras.

If approved, the law could reduce natural gas prices in Brazil, says Congressman Laercio Oliveira, who will present the bill in the House. Its backers say the law could attract R$60 billion (US$11 billion) in private investments and generate 4 million jobs.

Oliveira said he expects the bill to be approved without changes in the . . .

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