Petrobras Starts Contracts with CEG and CEG RIO

Petrobras signed new natural gas contracts with Companhia Distribuidora de Gás do Rio de Janeiro (CEG) and CEG RIO S.A. (CEG RIO) and that their effectiveness will begin on 12/01/2023, as a result of compliance with the conditions agreed between the parties, following the signing of an agreement for the closure of disputes.

The purpose of the new contracts is to supply natural gas to CEG and CEG RIO, in order to regulate the supply of natural gas to the Rio de Janeiro market, with the participation and consent of the State of Rio de Janeiro.

The new contracts are valid until December 2034, with a total estimated value of R$ 51.6 billion, for this entire period.