Journal Article

Evaluating the natural gas legal framework in Brazil: regulatory reform developments and incompleteness

Guilherme de Biasi Cordeiro, Helder Queiroz Pinto and José Cesário Cecchi

in The Journal of World Energy Law & Business

Volume 5, issue 2, pages 113-124
Published in print June 2012 | ISSN: 1754-9957
Published online June 2012 | e-ISSN: 1754-9965 | DOI: https://dx.doi.org/10.1093/jwelb/jws007
Evaluating the natural gas legal framework in Brazil: regulatory reform developments and incompleteness

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The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) was created in 1997 to regulate the oil, gas and biofuels industries, carry out bids for the exploration, development, and production concessions of oil and natural gas, concluding contracts stemming from these and inspecting the execution of the same. It also meant the end of Petrobras’ monopoly on the exploration and production of oil and gas. Nevertheless, while Brazil’s petroleum industry development has been significant, its natural gas market structure remains monopolist and vertically integrated. This paper aims to identify the main reasons for regulatory failures in the Brazilian natural gas industry and to present the new Gas Act, which intends to gradually reduce such barriers to entry.

Journal Article.  4850 words.  Illustrated.

Subjects: Environment and Energy Law

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