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By Richard Mann

RIO DE JANEIRO, BRAZIL - The Federal Government has pledged to transfer between R$5 billion and R$6 billion (US$1.5 billion) per year to States that privatize their gas distribution companies and adopt measures to open up the market, according to Estadão/Broadcast.

The transfer of these funds, derived from oil exploration, is the government's central gamble to get governors to join the bundle of measures announced on Monday, June 24th, to enforce competition and reduce the price of gas.

The aim is to promote "a cheap energy shock", in the words of . . .

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