Brazil's Petrobras Expects to Sell TBG Pipeline Unit in 2022
12/13/2021
RIO DE JANEIRO (Reuters) — Brazilian state-run oil company Petroleo Brasileiro SA expects to sign a deal to sell its TBG natural gas pipeline unit next year, Chief Strategy Officer Rafael Chaves said during a presentation to a Rio de Janeiro industry group on Monday.
In August, Reuters reported U.S. private equity firm EIG Global Energy Partners made a binding offer worth several hundred million dollars for the asset.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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