Brazil Government to Launch “Cheap Energy Shock” in Two Weeks

The Minister of Economy, Paulo Guedes, said on Tuesday, July 16th, during an event at the Palácio do Planalto, that the government intends to "launch the cheap energy shock, the gas shock" in two weeks.

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 . . .

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