RIO DE JANEIRO, BRAZIL - On July 8th, Petrobras signed an agreement with the Administrative Council for Economic Defense (Cade) to entirely abandon the natural gas distribution and transportation market by 2021.
The commitment paves the way for both the company and the government to achieve the goal of ending the state-owned company's monopoly on the market.
The aim is to reduce the price of gas and promote the "cheap energy shock" mentioned by Economy Minister . . .