Petrobras sheds Gasmig pipeline business in Brazil

Submitted by Paddy Harris on Thu, 2014-07-17 08:59

17th July 2014

Petrobras has announced that informs that it is in talks with Cemig - Companhia Energetica de Minas Gerais for the sale of its 40 per cent stake in Gasmig

Petrobras sheds Gasmig pipeline business in Brazil

Petrobras has said that this move in in line with its business management plans.

Gasmig is the exclusive licensee for the distribution of piped natural gas in the state of Minas Gerais, and is responsible for distributing 4.1 million cubic metres a day of natural gas through a network of approximately 850 kilometres of pipelines.

Petrobras has said that this move in in line with its business management plans.